Wedbush reiterated their neutral rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report report published on Thursday morning. They currently have a $34.00 price objective on the e-commerce company’s stock, up from their previous price objective of $29.00.
Other analysts have also issued reports about the stock. Deutsche Bank AG reissued a hold rating on shares of eBay in a research note on Sunday, July 10th. Cantor Fitzgerald restated a hold rating on shares of eBay in a research report on Saturday, July 9th. Pacific Crest downgraded shares of eBay to a sell rating in a research report on Saturday, October 1st. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the company a buy rating in a research report on Thursday, July 21st. Finally, Monness Crespi & Hardt upped their price target on shares of eBay from $29.00 to $32.00 and gave the company a buy rating in a research report on Thursday, July 21st. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $33.66.
eBay (NASDAQ:EBAY) traded up 1.761% during trading on Thursday, hitting $32.065. 4,134,949 shares of the company traded hands. eBay has a one year low of $21.52 and a one year high of $33.19. The firm has a market cap of $36.20 billion, a P/E ratio of 19.708 and a beta of 1.17. The firm has a 50 day moving average of $31.98 and a 200 day moving average of $27.38.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the 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 business earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that eBay will post $1.89 earnings per share for the current fiscal year.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.65, for a total value of $1,532,500.00. Following the transaction, the director now owns 425,288 shares of the company’s stock, valued at $13,035,077.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the transaction, the vice president now directly owns 48,605 shares in the company, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Mycio Wealth Partners LLC increased its stake in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares during the period. Washington Trust Bank increased its stake in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares during the period. Advisory Services Network LLC increased its stake in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the period. Quadrant Capital Group LLC increased its stake in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock worth $125,000 after buying an additional 42 shares during the period. Finally, Parametric Risk Advisors LLC acquired a new stake in eBay during the first quarter worth about $143,000. Institutional investors own 82.00% 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 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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