Credit Suisse Group AG Reaffirms “Neutral” Rating for eBay Inc. (EBAY)
eBay Inc. (NASDAQ:EBAY)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group AG in a research note issued to investors on Monday. They presently have a $34.00 target price on the e-commerce company’s stock. Credit Suisse Group AG’s price objective indicates a potential upside of 17.00% from the company’s current price.
Several other research analysts have also weighed in on EBAY. Benchmark Co. reiterated a “buy” rating and set a $29.00 target price on shares of eBay in a report on Tuesday, June 21st. Maxim Group assumed coverage on eBay in a report on Wednesday, June 22nd. They set a “buy” rating and a $36.00 target price on the stock. Brean Capital assumed coverage on eBay in a report on Wednesday, June 22nd. They issued a “buy” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of eBay in a report on Monday, June 27th. Finally, Jefferies Group restated a “hold” rating and issued a $27.00 price target on shares of eBay in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. eBay has a consensus rating of “Hold” and a consensus target price of $34.46.
Shares of eBay (NASDAQ:EBAY) opened at 29.06 on Monday. The firm has a market cap of $32.81 billion, a price-to-earnings ratio of 17.86 and a beta of 1.17. eBay has a 12-month low of $21.52 and a 12-month high of $33.19. The firm has a 50-day moving average price of $31.87 and a 200-day moving average price of $27.65.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. eBay had a return on equity of 28.67% and a net margin of 20.29%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Equities research analysts anticipate that eBay will post $1.89 EPS for the current year.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 375,928 shares in the company, valued at $12,010,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. Company insiders own 7.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EBAY. Virginia Retirement System acquired a new stake in eBay during the first quarter valued at $418,000. Credit Agricole S A boosted its stake in eBay by 179.2% in the first quarter. Credit Agricole S A now owns 938,596 shares of the e-commerce company’s stock valued at $22,395,000 after buying an additional 602,421 shares during the last quarter. BB&T Securities LLC boosted its stake in eBay by 2.2% in the first quarter. BB&T Securities LLC now owns 104,128 shares of the e-commerce company’s stock valued at $2,484,000 after buying an additional 2,198 shares during the last quarter. Cypress Capital Management LLC boosted its stake in eBay by 0.4% in the first quarter. Cypress Capital Management LLC now owns 133,811 shares of the e-commerce company’s stock valued at $3,193,000 after buying an additional 516 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in eBay during the first quarter valued at $691,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
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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