eBay’s (NASDAQ:EBAY) Buy Rating Reiterated at Aegis
eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating restated by equities research analysts at Aegis in a research report issued on Monday. They currently have a $42.00 target price on the e-commerce company’s stock. Aegis’ target price would suggest a potential upside of 13.27% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Canaccord Genuity reaffirmed a “hold” rating and issued a $32.00 price target (up from $31.00) on shares of eBay in a report on Thursday, April 20th. Atlantic Securities reaffirmed a “neutral” rating and issued a $36.00 price target on shares of eBay in a report on Wednesday, May 31st. Robert W. Baird reaffirmed an “outperform” rating and issued a $38.00 price target on shares of eBay in a report on Monday, June 12th. Finally, Vetr raised shares of eBay from a “hold” rating to a “buy” rating and set a $37.30 price target on the stock in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.09.
Shares of eBay (EBAY) opened at 37.08 on Monday. The stock has a market capitalization of $40.13 billion, a P/E ratio of 5.34 and a beta of 1.36. The firm’s 50-day moving average price is $34.72 and its 200 day moving average price is $32.99. eBay has a 52 week low of $25.95 and a 52 week high of $37.20.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that eBay will post $2.01 earnings per share for the current year.
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In related news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the transaction, the director now owns 286,562 shares in the company, valued at approximately $10,029,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 2,903 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $34.11, for a total transaction of $99,021.33. Following the transaction, the vice president now owns 30,701 shares of the company’s stock, valued at approximately $1,047,211.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,712 shares of company stock valued at $2,877,612. Insiders own 6.78% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox acquired a new stake in eBay during the fourth quarter worth approximately $12,668,000. River & Mercantile Asset Management LLP acquired a new stake in eBay during the fourth quarter worth approximately $2,738,000. USA Financial Portformulas Corp acquired a new stake in eBay during the fourth quarter worth approximately $5,303,000. Kentucky Retirement Systems acquired a new stake in eBay during the fourth quarter worth approximately $2,240,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in eBay during the fourth quarter worth approximately $999,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.
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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