eBay (EBAY) Coverage Initiated at Evercore ISI
Evercore ISI assumed coverage on shares of eBay (NASDAQ:EBAY) in a report released on Tuesday. The firm set an “in-line” rating and a $36.00 price target on the e-commerce company’s stock. Evercore ISI’s price objective points to a potential downside of 2.25% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other equities analysts have also weighed in on EBAY. Mizuho reaffirmed an “underperform” rating and set a $34.00 target price on shares of eBay in a research report on Monday, August 7th. SunTrust Banks began coverage on eBay in a research report on Tuesday, August 15th. They set a “hold” rating and a $38.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of eBay in a research report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a research report on Friday, August 18th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 target price on shares of eBay in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.51.
eBay (NASDAQ:EBAY) opened at $36.83 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay has a 12-month low of $28.14 and a 12-month high of $39.28. The firm has a market capitalization of $37,291.19, a P/E ratio of 22.31, a PEG ratio of 2.74 and a beta of 1.33.
In other news, VP Brian J. Doerger sold 4,359 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the transaction, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.63, for a total value of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,242 shares of company stock valued at $6,842,297. Insiders own 6.78% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of eBay by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock worth $203,988,000 after acquiring an additional 128,728 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of eBay by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after acquiring an additional 668,503 shares during the period. Colony Group LLC bought a new position in shares of eBay during the 2nd quarter worth $213,000. Synovus Financial Corp grew its stake in shares of eBay by 164.4% during the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after acquiring an additional 37,237 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of eBay by 19.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock worth $123,651,000 after acquiring an additional 515,634 shares during the period. Institutional investors own 86.06% of the company’s stock.
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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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