Deutsche Bank AG reaffirmed their buy rating on shares of eBay Inc. (NASDAQ:EBAY) in a report issued on Wednesday. Deutsche Bank AG currently has a $40.00 price target on the e-commerce company’s stock.
A number of other brokerages have also recently issued reports on EBAY. Argus restated a buy rating and set a $36.00 target price on shares of eBay in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the stock a buy rating in a research report on Thursday, July 21st. Robert W. Baird restated an outperform rating and set a $35.00 target price on shares of eBay in a research report on Monday, August 1st. Axiom Securities restated a buy rating and set a $34.00 target price (up previously from $30.00) on shares of eBay in a research report on Friday, July 15th. Finally, Pacific Crest cut shares of eBay to a sell rating in a research report on Saturday, October 1st. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. eBay currently has a consensus rating of Hold and a consensus target price of $33.66.
eBay (NASDAQ:EBAY) traded down 0.92% on Wednesday, reaching $31.21. The company had a trading volume of 3,866,044 shares. The firm has a market capitalization of $35.24 billion, a P/E ratio of 19.18 and a beta of 1.17. eBay has a 1-year low of $21.51 and a 1-year high of $33.19. The company’s 50-day moving average price is $31.97 and its 200 day moving average price is $27.35.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The firm earned $2.23 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, 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 firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $31.53, for a total value of $101,589.66. Following the sale, the senior vice president now owns 107,154 shares in the company, valued at $3,378,565.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the sale, the vice president now owns 48,605 shares in the company, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. AMP Capital Investors Ltd boosted its position 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 valued at $39,243,000 after buying an additional 255,722 shares during the period. Cullen Frost Bankers Inc. boosted its position 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 valued at $18,629,000 after buying an additional 25,907 shares during the period. Davis R M Inc. boosted its position 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 valued at $281,000 after buying an additional 3,200 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of eBay during the first quarter valued at approximately $2,887,000. Finally, Creative Planning boosted its position in shares of eBay by 19.2% in the second quarter. Creative Planning now owns 22,906 shares of the e-commerce company’s stock valued at $536,000 after buying an additional 3,683 shares during the period. 82.00% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.