Robert W. Baird reiterated their outperform rating on shares of eBay Inc. (NASDAQ:EBAY) in a report published on Monday morning. They currently have a $35.00 target price on the e-commerce company’s stock.
EBAY has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $34.00 price objective on shares of eBay in a research note on Tuesday, September 27th. Deutsche Bank AG raised shares of eBay from a hold rating to a buy rating and upped their price objective for the company from $30.00 to $40.00 in a research note on Wednesday, September 28th. Cantor Fitzgerald reissued a hold rating on shares of eBay in a research note on Sunday, August 14th. Hilliard Lyons started coverage on shares of eBay in a research note on Tuesday, August 30th. They set a long-term buy rating and a $35.00 target price on the stock. Finally, Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the stock a buy rating in a research note on Thursday, September 8th. 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 stock. The company presently has an average rating of Hold and an average target price of $33.95.
Shares of eBay (NASDAQ:EBAY) traded up 1.19% during midday trading on Monday, reaching $32.19. 1,450,078 shares of the company’s stock traded hands. eBay has a 52-week low of $21.52 and a 52-week high of $33.19. The company has a 50 day moving average of $32.01 and a 200 day moving average of $27.54. The firm has a market cap of $36.34 billion, a PE ratio of 19.78 and a beta of 1.17.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data 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. eBay had a net margin of 22.00% and a return on equity of 29.12%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that eBay will post $1.89 EPS for the current fiscal year.
In other eBay news, SVP Kristin A. Yetto sold 17,596 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.79, for a total value of $541,780.84. Following the completion of the transaction, the senior vice president now owns 19,346 shares of the company’s stock, valued at approximately $595,663.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 23,958 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the completion of the transaction, the vice president now directly owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of EBAY. Mycio Wealth Partners LLC raised its position in shares of 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 raised 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 valued at $101,000 after buying an additional 216 shares during the last quarter. Advisory Services Network LLC raised 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 valued at $114,000 after buying an additional 150 shares during the last quarter. Quadrant Capital Group LLC raised 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 valued at $125,000 after buying an additional 42 shares during the last quarter. Finally, Parametric Risk Advisors LLC acquired a new stake in eBay during the first quarter valued at approximately $143,000. 82.07% 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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