eBay Inc. (EBAY) Downgraded to Buy at Vetr Inc.
Vetr cut shares of eBay Inc. (NASDAQ:EBAY) from a strong-buy rating to a buy rating in a research report released on Monday morning. Vetr currently has $32.06 target price on the e-commerce company’s stock.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the company a buy rating in a research note on Thursday, September 8th. Sanford C. Bernstein set a $41.00 price objective on eBay and gave the company a buy rating in a research note on Wednesday, October 12th. Robert W. Baird reissued an outperform rating and set a $35.00 target price on shares of eBay in a research report on Monday, October 17th. Evercore ISI initiated coverage on shares of eBay in a research report on Monday, July 25th. They set a hold rating and a $26.00 target price for the company. Finally, reissued an underperform rating and set a $30.00 target price (up previously from $27.00) on shares of eBay in a research report on Saturday, October 22nd. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $34.59.
Shares of eBay (NASDAQ:EBAY) opened at 29.00 on Monday. eBay has a 52-week low of $21.51 and a 52-week high of $33.19. The firm has a market cap of $32.42 billion, a PE ratio of 18.63 and a beta of 1.33. The firm has a 50-day moving average of $29.77 and a 200 day moving average of $28.32.
eBay (NASDAQ:EBAY) last announced its 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. The company earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. eBay’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, equities analysts predict that eBay will post $1.88 earnings per share for the current year.
In other news, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the sale, the senior vice president now owns 32,738 shares in the company, valued at $1,052,199.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Logan Green bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average price of $28.32 per share, with a total value of $28,320.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $28,320. The disclosure for this purchase can be found here. 7.40% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Thrax Management LLC acquired a new stake in shares of eBay during the first quarter valued at $274,000. Squarepoint Ops LLC increased its stake in shares of eBay by 276.8% in the first quarter. Squarepoint Ops LLC now owns 389,804 shares of the e-commerce company’s stock worth $9,301,000 after buying an additional 286,360 shares during the last quarter. Cypress Capital Group increased its stake in shares of eBay by 1.5% in the first quarter. Cypress Capital Group now owns 12,801 shares of the e-commerce company’s stock worth $305,000 after buying an additional 184 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in shares of eBay by 65.9% in the first quarter. BlueMountain Capital Management LLC now owns 20,939 shares of the e-commerce company’s stock worth $500,000 after buying an additional 8,319 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of eBay during the second quarter worth approximately $211,000. Institutional investors and hedge funds own 81.62% 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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