eBay Inc. Forecasted to Post FY2018 Earnings of $1.92 Per Share (EBAY)
eBay Inc. (NASDAQ:EBAY) – Equities research analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for eBay in a research note issued to investors on Thursday. SunTrust Banks analyst R. Peck now anticipates that the firm will post earnings of $1.92 per share for the year, up from their prior forecast of $1.81. SunTrust Banks has a “Hold” rating and a $33.00 price target on the stock.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%.
Other research analysts have also recently issued research reports about the stock. Deutsche Bank AG reiterated a “hold” rating on shares of eBay in a research note on Sunday, July 10th. Cantor Fitzgerald reiterated a “hold” rating on shares of eBay in a research note on Saturday, July 9th. Pacific Crest cut shares of eBay to a “sell” rating in a research note on Saturday, October 1st. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Monness Crespi & Hardt lifted their target price on shares of eBay from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. eBay currently has an average rating of “Hold” and a consensus target price of $33.95.
eBay (NASDAQ:EBAY) traded up 2.78% on Monday, reaching $32.52. The company had a trading volume of 21,812,836 shares. The stock has a market capitalization of $36.72 billion, a PE ratio of 19.99 and a beta of 1.17. The stock’s 50 day moving average price is $32.01 and its 200-day moving average price is $27.59. eBay has a 12-month low of $21.52 and a 12-month high of $33.19.
Institutional investors have recently modified their holdings of the company. AMP Capital Investors Ltd increased its position in shares of eBay by 18.6% in the first quarter. AMP Capital Investors Ltd now owns 1,632,449 shares of the e-commerce company’s stock worth $39,243,000 after buying an additional 255,722 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock worth $18,629,000 after buying an additional 25,907 shares in the last quarter. Davis R M Inc. boosted its stake in shares of eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock worth $281,000 after buying an additional 3,200 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of eBay during the first quarter worth $2,887,000. Finally, Creative Planning boosted its stake in shares of eBay by 19.2% in the second quarter. Creative Planning now owns 22,906 shares of the e-commerce company’s stock worth $536,000 after buying an additional 3,683 shares in the last quarter. 82.07% of the stock is currently owned by institutional investors.
In other eBay news, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the transaction, the vice president now directly owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the transaction, the senior vice president now directly owns 32,738 shares in the company, valued at $1,052,199.32. The disclosure for this sale can be found here. Company insiders own 7.40% 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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