eBay Inc. (EBAY) Upgraded to Strong-Buy at Vetr Inc.
Vetr upgraded shares of eBay Inc. (NASDAQ:EBAY) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning. They currently have $32.06 target price on the e-commerce company’s stock.
EBAY has been the subject of several other reports. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the company a buy rating in a report on Thursday, September 8th. Sanford C. Bernstein set a $41.00 price objective on eBay and gave the company a buy rating in a report on Wednesday, October 12th. Robert W. Baird reissued an outperform rating and issued a $35.00 price objective on shares of eBay in a report on Monday, October 17th. reissued an underperform rating and issued a $30.00 price objective (up from $27.00) on shares of eBay in a report on Saturday, October 22nd. Finally, Monness Crespi & Hardt increased their price objective on eBay from $32.00 to $35.00 and gave the company a buy rating in a report on Tuesday, October 18th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $34.59.
eBay (NASDAQ:EBAY) opened at 28.57 on Monday. eBay has a 12-month low of $21.51 and a 12-month high of $33.19. The stock’s 50 day moving average is $29.32 and its 200 day moving average is $28.49. The stock has a market capitalization of $31.94 billion, a price-to-earnings ratio of 18.35 and a beta of 1.33.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. Equities research analysts forecast that eBay will post $1.88 EPS for the current fiscal year.
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In other news, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the completion of the sale, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen Fisher sold 39,764 shares of eBay stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total value of $1,161,108.80. Following the completion of the sale, the senior vice president now directly owns 120,563 shares of the company’s stock, valued at $3,520,439.60. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EBAY. Physicians Financial Services Inc. boosted its stake in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the period. NEXT Financial Group Inc boosted its stake in eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock valued at $112,000 after buying an additional 960 shares during the period. Hartford Financial Management Inc. boosted its stake in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 100 shares during the period. Tradewinds Capital Management LLC boosted its stake in eBay by 2.0% in the third quarter. Tradewinds Capital Management LLC now owns 3,837 shares of the e-commerce company’s stock valued at $126,000 after buying an additional 75 shares during the period. Finally, Mycio Wealth Partners LLC boosted its stake in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares during the period. 83.29% of the stock is owned by institutional investors.
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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