eBay (NASDAQ:EBAY) Given “Hold” Rating at Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of eBay (NASDAQ:EBAY) in a research note released on Monday, AnalystRatings.com reports. They currently have a $41.00 price objective on the e-commerce company’s stock.
“We believe Promoted Listings will continue to be a bright spot and expect revenue to nearly double in 2019, reaching approximately $380mm. We remain PT, which reflects a blend of our DCF and sum-of-the-parts analyses.”,” the firm’s analyst wrote.
Other research analysts also recently issued research reports about the company. Morgan Stanley set a $70.00 target price on Edison International and gave the company a hold rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Teck Resources from C$56.00 to C$55.00 in a research note on Wednesday, April 24th. Benchmark restated a buy rating and issued a $105.00 target price (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a research note on Wednesday, April 24th. Canaccord Genuity set a C$16.50 target price on Detour Gold and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, Barclays lowered their target price on Waters from $218.00 to $210.00 and set an equal weight rating on the stock in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $40.32.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. eBay had a return on equity of 31.26% and a net margin of 24.43%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts anticipate that eBay will post 2.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. eBay’s dividend payout ratio is currently 24.14%.
In related news, CFO Scott F. Schenkel sold 89,707 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the completion of the transaction, the chief financial officer now owns 273,283 shares of the company’s stock, valued at approximately $10,521,395.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 14,237 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $38.06, for a total value of $541,860.22. Following the transaction, the vice president now directly owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The disclosure for this sale can be found here. Insiders sold 187,199 shares of company stock valued at $7,176,017 in the last ninety days. Insiders own 6.22% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Norges Bank acquired a new position in shares of eBay during the 4th quarter worth about $244,327,000. FMR LLC raised its holdings in eBay by 89.2% in the 1st quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after acquiring an additional 7,108,999 shares in the last quarter. Boston Partners raised its holdings in eBay by 73.8% in the 1st quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after acquiring an additional 7,015,365 shares in the last quarter. Harris Associates L P acquired a new position in eBay in the 4th quarter valued at approximately $186,253,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in eBay in the 1st quarter valued at approximately $196,232,000. 86.32% of the stock is owned by institutional investors and hedge funds.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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