BMO Capital Markets restated their market perform rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note released on Saturday morning. The brokerage currently has a $36.00 target price on the e-commerce company’s stock.
Several other equities analysts have also recently commented on the stock. Stifel Nicolaus restated a hold rating and issued a $35.00 target price on shares of eBay in a research report on Friday, April 14th. Barclays PLC initiated coverage on shares of eBay in a research report on Tuesday, March 28th. They issued an overweight rating and a $41.00 target price for the company. Goldman Sachs Group, Inc. (The) set a $42.00 target price on shares of eBay and gave the company a buy rating in a research report on Wednesday, June 28th. Argus boosted their target price 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. Finally, Aegis restated a buy rating and issued a $40.00 target price (up from $38.00) on shares of eBay in a research report on Thursday, April 13th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. eBay presently has an average rating of Hold and an average target price of $36.91.
eBay (EBAY) opened at 36.38 on Friday. The firm has a market cap of $38.94 billion, a price-to-earnings ratio of 5.46 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $37.48. The company has a 50-day moving average of $35.36 and a 200 day moving average of $33.73. eBay also saw some unusual options trading activity on Monday. Stock investors bought 4,033 call options on the stock. This represents an increase of 484% compared to the average daily volume of 690 call options.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. On average, equities research analysts anticipate 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 stock buyback plan 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 plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the sale, the vice president now owns 30,701 shares in the company, valued at $1,047,211.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $33.57, for a total transaction of $433,187.28. Following the completion of the sale, the vice president now owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,704 shares of company stock valued at $1,809,803. 6.78% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in EBAY. Capital One National Association increased its stake in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock worth $244,000 after buying an additional 39 shares during the period. Trust Co. of Vermont increased its stake in eBay by 0.3% in the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock worth $483,000 after buying an additional 40 shares during the period. Welch & Forbes LLC increased its stake in eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock worth $259,000 after buying an additional 45 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock worth $519,000 after buying an additional 50 shares during the period. Finally, Alpha Windward LLC increased its stake in eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock worth $186,000 after buying an additional 59 shares during the period. Institutional investors own 85.13% 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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