eBay Inc. (EBAY) Given a $34.00 Price Target at Morgan Stanley
Morgan Stanley set a $34.00 target price on eBay Inc. (NASDAQ:EBAY) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the e-commerce company’s stock.
Other analysts also recently issued research reports about the company. J P Morgan Chase & Co set a $38.00 price target on eBay and gave the company a neutral rating in a research report on Friday, July 21st. BMO Capital Markets restated a market perform rating and issued a $36.00 target price on shares of eBay in a research report on Saturday, July 22nd. Canaccord Genuity restated a hold rating and issued a $34.00 target price on shares of eBay in a research report on Wednesday, September 6th. Royal Bank Of Canada restated a sector perform rating and issued a $39.00 target price (up previously from $36.00) on shares of eBay in a research report on Thursday. Finally, Jefferies Group LLC set a $38.00 target price on eBay and gave the stock a neutral rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eighteen have assigned a buy rating to the company. eBay presently has an average rating of Hold and a consensus target price of $38.22.
eBay (EBAY) traded up 0.86% on Thursday, hitting $37.61. 15,105,890 shares of the stock were exchanged. The company has a 50-day moving average price of $38.08 and a 200-day moving average price of $35.62. The firm has a market cap of $40.25 billion, a PE ratio of 5.64 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $39.28.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. eBay had a return on equity of 15.72% and a net margin of 80.45%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, equities research analysts anticipate that eBay will post $2.00 EPS for the current fiscal year.
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eBay announced that its board has initiated a stock repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now directly owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $35.00, for a total value of $1,219,120.00. Following the completion of the sale, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. Insiders sold a total of 95,238 shares of company stock valued at $3,439,297 over the last ninety days. Corporate insiders own 6.78% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Trust Co. of Vermont lifted its stake in shares of eBay by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after purchasing an additional 40 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares during the last quarter. Usca Ria LLC lifted its stake in shares of eBay by 1.3% in the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after purchasing an additional 100 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of eBay by 1.2% in the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after purchasing an additional 110 shares during the last quarter. Finally, Boston Private Wealth LLC lifted its stake in shares of eBay by 0.7% in the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after purchasing an additional 111 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.
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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