eBay Inc. (NASDAQ:EBAY) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.52-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54. The company issued revenue guidance of $2.36-2.41 billion, compared to the consensus revenue estimate of $2.40 billion.

eBay Inc. (NASDAQ:EBAY) traded up 2.78% on Wednesday, hitting $32.52. The stock had a trading volume of 22,316,918 shares. The firm has a market cap of $36.72 billion, a PE ratio of 19.99 and a beta of 1.17. The company’s 50 day moving average is $32.01 and its 200 day moving average is $27.59. eBay Inc. has a 12-month low of $21.52 and a 12-month high of $33.19.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The firm earned $2.22 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that eBay Inc. will post $1.89 EPS for the current fiscal year.

Earnings History and Estimates for eBay (NASDAQ:EBAY)

A number of equities research analysts have issued reports on the company. Susquehanna reissued a positive rating and set a $34.00 price target (up previously from $32.00) on shares of eBay in a research report on Thursday, July 21st. Mizuho boosted their price target on eBay from $26.00 to $31.00 and gave the company a neutral rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a buy rating in a research report on Tuesday, August 16th. Robert W. Baird restated a buy rating and set a $30.00 price objective on shares of eBay in a research note on Tuesday, July 12th. Finally, Axiom Securities boosted their price objective on eBay from $30.00 to $34.00 and gave the stock a buy rating in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.95.

In other eBay news, SVP Jae Hyun Lee sold 3,222 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $31.53, for a total transaction of $101,589.66. Following the completion of the transaction, the senior vice president now owns 107,154 shares in the company, valued at $3,378,565.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Holmes Swan sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the transaction, the director now owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EBAY. Greenwich Wealth Management LLC boosted its position in shares of eBay by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 64,138 shares of the e-commerce company’s stock worth $1,501,000 after buying an additional 200 shares in the last quarter. Usca Ria LLC boosted its position in shares of eBay by 2.2% in the second quarter. Usca Ria LLC now owns 9,376 shares of the e-commerce company’s stock worth $219,000 after buying an additional 200 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of eBay by 2.9% in the second quarter. Wetherby Asset Management Inc. now owns 18,382 shares of the e-commerce company’s stock worth $430,000 after buying an additional 520 shares in the last quarter. US Bancorp DE boosted its position in shares of eBay by 0.4% in the second quarter. US Bancorp DE now owns 164,375 shares of the e-commerce company’s stock worth $3,848,000 after buying an additional 729 shares in the last quarter. Finally, TCW Group Inc. boosted its position in shares of eBay by 0.7% in the second quarter. TCW Group Inc. now owns 115,891 shares of the e-commerce company’s stock worth $2,713,000 after buying an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 82.07% 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.

5 Day Chart for NASDAQ:EBAY

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