eBay’s (EBAY) Hold Rating Reiterated at SunTrust Banks, Inc.
SunTrust Banks, Inc. reissued their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report sent to investors on Friday morning. The firm currently has a $38.00 price target on the e-commerce company’s stock.
Several other analysts have also issued reports on EBAY. J P Morgan Chase & Co set a $38.00 price objective on eBay and gave the stock a neutral rating in a report on Friday, July 21st. Barclays PLC reiterated an overweight rating and set a $42.00 price objective (up from $41.00) on shares of eBay in a report on Friday, July 21st. Stifel Nicolaus set a $36.00 price objective on eBay and gave the stock a neutral rating in a report on Friday, July 21st. UBS AG set a $40.00 price objective on eBay and gave the stock a buy rating in a report on Friday, July 21st. Finally, Morgan Stanley set a $29.00 price objective on eBay and gave the stock a sell rating in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have assigned a buy rating to the company. eBay has an average rating of Hold and an average price target of $38.45.
Shares of eBay (NASDAQ:EBAY) opened at $35.53 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay has a 1-year low of $27.28 and a 1-year high of $39.28. The stock has a market capitalization of $37,170.00, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.73 and a beta of 1.38.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the company earned $0.45 earnings per share. eBay’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts predict that eBay will post 1.65 EPS for the current year.
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In related news, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the completion of the sale, the vice president now owns 23,392 shares of the company’s stock, valued at $836,264. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the sale, the senior vice president now directly owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last three months, insiders sold 171,182 shares of company stock valued at $6,423,142. 6.78% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in eBay by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after acquiring an additional 668,503 shares during the period. Colony Group LLC acquired a new stake in eBay during the 2nd quarter worth $213,000. Synovus Financial Corp grew its holdings in eBay by 164.4% during the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after acquiring an additional 37,237 shares during the period. Canada Pension Plan Investment Board grew its holdings in eBay by 19.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock worth $123,651,000 after acquiring an additional 515,634 shares during the period. Finally, Toronto Dominion Bank grew its holdings in eBay by 11.0% during the 3rd quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock worth $14,574,000 after acquiring an additional 37,654 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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