JPMorgan Chase & Co. reiterated their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report sent to investors on Tuesday morning. JPMorgan Chase & Co. currently has a $34.00 price target on the e-commerce company’s stock.
EBAY has been the subject of a number of other reports. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a buy rating in a report on Thursday, September 8th. Axiom Securities boosted their price target on eBay from $34.00 to $38.00 and gave the company a buy rating in a report on Tuesday, September 13th. Robert W. Baird reissued an outperform rating and issued a $35.00 price target on shares of eBay in a report on Saturday, September 10th. Hilliard Lyons initiated coverage on eBay in a report on Tuesday, August 30th. They issued a long-term buy rating and a $35.00 price target for the company. Finally, Jefferies Group reissued a hold rating on shares of eBay in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $32.77.
Shares of eBay (NASDAQ:EBAY) traded down 0.72% on Tuesday, hitting $31.71. The company’s stock had a trading volume of 1,691,414 shares. The firm has a market cap of $35.80 billion, a PE ratio of 19.49 and a beta of 1.13. The company has a 50 day moving average of $31.58 and a 200 day moving average of $26.75. eBay has a 1-year low of $21.52 and a 1-year high of $32.81.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. eBay’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities analysts forecast that eBay will post $1.89 EPS for the current year.
In other news, SVP Jae Hyun Lee sold 3,222 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $31.53, for a total transaction of $101,589.66. Following the completion of the sale, the senior vice president now owns 107,154 shares in the company, valued at approximately $3,378,565.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total value of $1,597,500.00. Following the sale, the director now owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd increased its stake in shares of eBay by 18.6% in the first quarter. AMP Capital Investors Ltd now owns 1,632,449 shares of the e-commerce company’s stock worth $39,243,000 after buying an additional 255,722 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock worth $18,629,000 after buying an additional 25,907 shares during the period. Davis R M Inc. increased its stake in shares of eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock worth $281,000 after buying an additional 3,200 shares during the period. CIBC World Markets Inc. increased its stake in shares of eBay by 26.2% in the first quarter. CIBC World Markets Inc. now owns 38,521 shares of the e-commerce company’s stock worth $919,000 after buying an additional 7,993 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of eBay during the first quarter worth approximately $2,887,000. Institutional investors own 82.00% of the company’s stock.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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