eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research note issued on Wednesday. They currently have a $40.00 price target on the e-commerce company’s stock. Deutsche Bank AG’s price objective points to a potential upside of 26.94% from the company’s previous close.
A number of other research analysts have also issued reports on EBAY. Benchmark Co. restated a “buy” rating and issued a $29.00 target price on shares of eBay in a report on Tuesday, June 21st. Maxim Group started coverage on shares of eBay in a report on Wednesday, June 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Brean Capital started coverage on shares of eBay in a report on Wednesday, June 22nd. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of eBay in a report on Monday, June 27th. Finally, Jefferies Group reiterated a “hold” rating and set a $27.00 price objective on shares of eBay in a report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.66.
eBay (NASDAQ:EBAY) opened at 31.51 on Wednesday. eBay has a 12-month low of $21.51 and a 12-month high of $33.19. The firm’s 50-day moving average is $31.98 and its 200 day moving average is $27.38. The firm has a market cap of $35.58 billion, a PE ratio of 19.37 and a beta of 1.17.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a net margin of 22.00% and a return on equity of 29.12%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts predict that eBay will post $1.89 EPS for the current year.
In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the transaction, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian J. Doerger sold 23,958 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.56, for a total value of $732,156.48. Following the transaction, the vice president now directly owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in EBAY. FMR LLC raised its position in shares of eBay by 183.0% in the second quarter. FMR LLC now owns 21,402,518 shares of the e-commerce company’s stock valued at $501,033,000 after buying an additional 13,838,953 shares during the period. Wellington Management Group LLP raised its position in shares of eBay by 344.6% in the first quarter. Wellington Management Group LLP now owns 11,298,332 shares of the e-commerce company’s stock valued at $269,578,000 after buying an additional 8,756,950 shares during the period. Lazard Asset Management LLC raised its position in shares of eBay by 78.9% in the first quarter. Lazard Asset Management LLC now owns 16,144,360 shares of the e-commerce company’s stock valued at $385,203,000 after buying an additional 7,117,937 shares during the period. Magellan Asset Management Ltd raised its position in shares of eBay by 16.1% in the second quarter. Magellan Asset Management Ltd now owns 42,152,135 shares of the e-commerce company’s stock valued at $986,781,000 after buying an additional 5,833,160 shares during the period. Finally, Eaton Vance Management raised its position in shares of eBay by 279.0% in the second quarter. Eaton Vance Management now owns 5,687,842 shares of the e-commerce company’s stock valued at $133,152,000 after buying an additional 4,187,045 shares during the period. 82.00% of the stock is owned by institutional investors and hedge funds.
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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