eBay Inc. (EBAY) Given a $41.00 Price Target at Sanford C. Bernstein
Other analysts have also issued research reports about the stock. SunTrust Banks Inc. reiterated a hold rating and issued a $33.00 price objective (up previously from $30.00) on shares of eBay in a research note on Monday. Robert W. Baird reiterated an outperform rating and issued a $35.00 price objective on shares of eBay in a research note on Saturday, October 8th. Canaccord Genuity reiterated a hold rating and issued a $28.00 price objective on shares of eBay in a research note on Tuesday, October 4th. Pacific Crest lowered shares of eBay to a sell rating in a research note on Saturday, October 1st. Finally, Deutsche Bank AG upgraded shares of eBay from a hold rating to a buy rating and lifted their price objective for the company from $30.00 to $40.00 in a research note on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $33.66.
Shares of eBay (NASDAQ:EBAY) traded down 0.365% during mid-day trading on Wednesday, reaching $31.385. 4,464,197 shares of the company’s stock were exchanged. eBay has a 52-week low of $21.52 and a 52-week high of $33.19. The company has a market cap of $35.43 billion, a PE ratio of 19.290 and a beta of 1.17. The company’s 50-day moving average price is $31.97 and its 200 day moving average price is $27.35.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. eBay had a net margin of 22.00% and a return on equity of 29.12%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that eBay will post $1.89 EPS for the current year.
In other eBay news, SVP Kristin A. Yetto sold 17,596 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.79, for a total value of $541,780.84. Following the completion of the sale, the senior vice president now directly owns 19,346 shares in the company, valued at approximately $595,663.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jae Hyun Lee sold 11,768 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $31.00, for a total value of $364,808.00. Following the completion of the sale, the senior vice president now owns 120,977 shares of the company’s stock, valued at $3,750,287. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Mycio Wealth Partners LLC boosted its stake in shares of eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares during the period. Washington Trust Bank boosted its stake in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares during the period. Advisory Services Network LLC boosted its stake in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock worth $125,000 after buying an additional 42 shares during the period. Finally, Parametric Risk Advisors LLC bought a new stake in shares of eBay during the first quarter worth $143,000. Institutional investors and hedge funds own 82.00% of the company’s stock.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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