BMO Capital Markets reiterated their market perform rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note published on Saturday, July 22nd. The brokerage currently has a $36.00 price objective on the e-commerce company’s stock.
Other equities analysts have also issued reports about the stock. Argus lifted their price objective on shares of eBay from $36.00 to $39.00 and gave the company a buy rating in a research report on Wednesday, April 12th. Maxim Group reissued a buy rating and issued a $36.00 target price on shares of eBay in a report on Wednesday, April 12th. Aegis reissued a buy rating and issued a $40.00 target price (up previously from $38.00) on shares of eBay in a report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $39.00 target price (up previously from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Hilliard Lyons reissued a buy rating and issued a $38.50 target price (up previously from $36.00) on shares of eBay in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $36.97.
eBay (NASDAQ EBAY) opened at 35.05 on Friday. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. The company has a 50 day moving average of $35.76 and a 200 day moving average of $34.20. The firm has a market capitalization of $37.51 billion, a PE ratio of 5.26 and a beta of 1.36.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the firm posted $0.43 EPS. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that eBay will post $2.01 EPS for the current year.
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eBay announced that its Board of Directors has approved a share buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In other eBay news, SVP Harry A. Lawton III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the sale, the senior vice president now owns 45,488 shares in the company, valued at approximately $1,634,383.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, 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. Insiders sold a total of 72,303 shares of company stock valued at $2,560,022 in the last quarter. Corporate insiders own 6.78% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in eBay during the second quarter valued at approximately $108,000. Westside Investment Management Inc. increased its position in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP increased its position in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the period. Parallel Advisors LLC increased its position in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the period. Institutional investors and hedge funds own 86.48% 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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