Piper Jaffray Cos. reissued their neutral rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report released on Saturday morning. The firm currently has a $25.00 target price on the e-commerce company’s stock.
Several other brokerages have also commented on EBAY. SunTrust Banks Inc. reaffirmed a neutral rating and issued a $26.00 price objective on shares of eBay in a report on Monday, July 18th. Monness Crespi & Hardt lifted their price objective on eBay from $29.00 to $32.00 and gave the stock a buy rating in a report on Thursday, July 21st. 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. Sanford C. Bernstein set a $41.00 price target on eBay and gave the company a buy rating in a report on Wednesday. Finally, Deutsche Bank AG boosted their price target on eBay from $28.00 to $30.00 and gave the company a hold rating in a report on Thursday, July 21st. Three equities research 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $33.66.
Shares of eBay (NASDAQ:EBAY) traded up 1.21% during trading on Friday, hitting $31.89. The stock had a trading volume of 14,392,280 shares. The company has a market cap of $36.00 billion, a PE ratio of 19.60 and a beta of 1.17. eBay has a 12 month low of $21.52 and a 12 month high of $33.19. The stock has a 50 day moving average of $31.99 and a 200 day moving average of $27.43.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The company earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. eBay’s revenue was up 5.7% compared to the same quarter last year. Equities analysts forecast that eBay will post $1.89 EPS for the current fiscal year.
In related news, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the sale, the senior vice president now directly owns 32,738 shares in the company, valued at approximately $1,052,199.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total value of $1,597,500.00. Following the completion of the sale, the director now owns 375,928 shares in the company, valued at $12,010,899.60. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
A number of large investors have recently bought and sold shares of EBAY. Parametric Risk Advisors LLC purchased a new stake in eBay during the first quarter valued at about $143,000. Altrinsic Global Advisors LLC boosted its stake in eBay by 50.3% in the first quarter. Altrinsic Global Advisors LLC now owns 2,238,554 shares of the e-commerce company’s stock valued at $53,412,000 after buying an additional 749,254 shares during the last quarter. AXA boosted its stake in eBay by 4.8% in the first quarter. AXA now owns 362,367 shares of the e-commerce company’s stock valued at $8,646,000 after buying an additional 16,573 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in eBay by 2.6% in the first quarter. Pictet Asset Management Ltd. now owns 1,947,571 shares of the e-commerce company’s stock valued at $46,352,000 after buying an additional 49,582 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in eBay by 5.7% in the first quarter. Primecap Management Co. CA now owns 8,303,100 shares of the e-commerce company’s stock valued at $198,112,000 after buying an additional 446,600 shares during the last quarter. 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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