BMO Capital Markets reissued their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report report published on Wednesday, September 13th.
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) set a $42.00 price target on eBay and gave the stock a buy rating in a research report on Wednesday, June 28th. Aegis boosted their price target on eBay from $40.00 to $42.00 and gave the stock a buy rating in a research report on Tuesday, June 27th. Vetr raised eBay from a hold rating to a buy rating and set a $37.30 price target on the stock in a research report on Monday, June 12th. Citigroup Inc. reissued a buy rating and set a $41.00 price target (up previously from $36.00) on shares of eBay in a research report on Thursday, June 8th. Finally, Credit Suisse Group raised eBay to a buy rating and set a $44.00 price target on the stock in a research report on Monday, June 12th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $37.44.
eBay (NASDAQ:EBAY) traded up 0.10% during midday trading on Wednesday, reaching $38.29. The company’s stock had a trading volume of 4,866,093 shares. The company has a market capitalization of $40.98 billion, a price-to-earnings ratio of 5.74 and a beta of 1.34. eBay has a 1-year low of $27.28 and a 1-year high of $38.87. The company’s 50-day moving average price is $36.16 and its 200-day moving average price is $34.85.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. eBay’s revenue was up 4.4% on a year-over-year basis. On average, analysts predict that eBay will post $2.00 earnings per share for the current fiscal year.
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eBay declared that its board has approved a stock buyback program on Thursday, July 20th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other eBay news, SVP Stephen Fisher sold 11,956 shares of eBay stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the transaction, the senior vice president now owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now directly owns 262,119 shares in the company, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,238 shares of company stock worth $3,439,297. Insiders own 6.78% of the company’s stock.
Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its stake in shares of eBay by 27.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock worth $128,003,000 after purchasing an additional 829,988 shares during the last quarter. Synovus Financial Corp increased 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 purchasing an additional 37,237 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of eBay during the 2nd quarter worth approximately $167,000. ZWJ Investment Counsel Inc. increased its stake in shares of eBay by 7.7% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 12,066 shares of the e-commerce company’s stock worth $421,000 after purchasing an additional 858 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC increased its stake in shares of eBay by 1.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 311,375 shares of the e-commerce company’s stock worth $10,873,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 84.83% 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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