Q4 2016 Earnings Estimate for eBay Inc. (EBAY) Issued By SunTrust Banks
eBay Inc. (NASDAQ:EBAY) – Investment analysts at SunTrust Banks increased their Q4 2016 earnings estimates for shares of eBay in a note issued to investors on Monday. SunTrust Banks analyst R. Peck now forecasts that the brokerage will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.48. SunTrust Banks currently has a “Hold” rating and a $33.00 target price on the stock. SunTrust Banks also issued estimates for eBay’s FY2017 earnings at $1.78 EPS.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share.
A number of other research firms have also weighed in on EBAY. Monness Crespi & Hardt increased their price objective on shares of eBay from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Thursday, September 8th. Sanford C. Bernstein set a $41.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank AG lifted their price objective on shares of eBay from $28.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, July 21st. Finally, Evercore ISI began coverage on shares of eBay in a report on Monday, July 25th. They set a “hold” rating and a $26.00 price objective on the stock. Three equities 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 company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.66.
eBay (NASDAQ:EBAY) traded down 0.746% during midday trading on Wednesday, reaching $31.265. The company had a trading volume of 3,593,652 shares. The firm has a 50-day moving average price of $31.97 and a 200-day moving average price of $27.35. eBay has a 52 week low of $21.52 and a 52 week high of $33.19. The company has a market capitalization of $35.30 billion, a price-to-earnings ratio of 19.216 and a beta of 1.17.
In other news, Director Robert Holmes Swan sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the completion of the transaction, the director now owns 375,928 shares of the company’s stock, valued at $12,010,899.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jae Hyun Lee sold 11,768 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $31.00, for a total transaction of $364,808.00. Following the transaction, the senior vice president now directly owns 120,977 shares of the company’s stock, valued at approximately $3,750,287. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in EBAY. Virginia Retirement System purchased a new position in shares of eBay during the first quarter valued at about $418,000. Acrospire Investment Management LLC purchased a new position in shares of eBay during the first quarter valued at about $224,000. Investec Asset Management LTD increased its position in shares of eBay by 5.1% in the first quarter. Investec Asset Management LTD now owns 8,316,723 shares of the e-commerce company’s stock valued at $198,437,000 after buying an additional 404,945 shares during the period. Investec Asset Management North America Inc. increased its position in shares of eBay by 6.6% in the first quarter. Investec Asset Management North America Inc. now owns 352,847 shares of the e-commerce company’s stock valued at $8,419,000 after buying an additional 21,742 shares during the period. Finally, Fiduciary Management Inc. WI increased its position in shares of eBay by 7.7% in the first quarter. Fiduciary Management Inc. WI now owns 19,016,842 shares of the e-commerce company’s stock valued at $453,742,000 after buying an additional 1,367,451 shares during the period. 82.00% of the stock is owned by institutional investors.
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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