eBay Inc. (EBAY) Earns Hold Rating from BMO Capital Markets
Other analysts also recently issued reports about the stock. Credit Suisse Group upgraded shares of eBay from a neutral rating to an outperform rating and raised their price objective for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Robert W. Baird restated an outperform rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 price objective on shares of eBay and gave the company a buy rating in a research report on Friday, July 21st. BidaskClub upgraded shares of eBay from a buy rating to a strong-buy rating in a research report on Thursday, July 13th. Finally, TheStreet downgraded shares of eBay from a b- rating to a c+ rating in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $37.24.
eBay (NASDAQ EBAY) traded up 0.23% on Wednesday, reaching $38.40. 11,121,940 shares of the company were exchanged. eBay has a 12-month low of $27.28 and a 12-month high of $38.87. The firm has a 50-day moving average of $36.01 and a 200 day moving average of $34.77. The firm has a market capitalization of $41.10 billion, a P/E ratio of 5.76 and a beta of 1.34. eBay also was the target of unusually large options trading activity on Wednesday. Stock traders acquired 2,194 put options on the stock. This represents an increase of 231% compared to the typical daily volume of 663 put options.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that eBay will post $2.00 earnings per share for the current year.
eBay announced that its board has approved a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other news, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the sale, the senior vice president now owns 89,740 shares in the company, valued at approximately $3,252,177.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,238 shares of company stock valued at $3,439,297. Company insiders own 6.78% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in shares of eBay in the 2nd quarter worth approximately $108,000. BB&T Investment Services Inc. purchased a new position in shares of eBay in the 2nd quarter worth approximately $119,000. Westside Investment Management Inc. grew its position in shares of eBay by 284.0% in the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay in the 2nd quarter worth approximately $123,000. Finally, FNY Partners Fund LP grew its position in shares of eBay by 660.0% in the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 84.91% 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 connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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