eBay Inc. (NASDAQ:EBAY) had its price target increased by Monness Crespi & Hardt from $32.00 to $35.00 in a research note issued to investors on Tuesday. They currently have a buy rating on the e-commerce company’s stock.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank AG reiterated 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 note on Saturday, July 9th. Pacific Crest cut eBay to a sell rating in a research note on Saturday, October 1st. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the stock a buy rating in a research note on Thursday, July 21st. Finally, Robert W. Baird restated an outperform rating and set a $35.00 price target on shares of eBay in a research note on Monday, August 8th. Three 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’s stock. The stock currently has an average rating of Hold and a consensus price target of $33.95.
Shares of eBay (NASDAQ:EBAY) traded up 0.57% during midday trading on Tuesday, reaching $31.82. 1,140,681 shares of the company’s stock traded hands. The stock’s 50 day moving average is $32.01 and its 200-day moving average is $27.59. The company has a market capitalization of $35.93 billion, a PE ratio of 19.56 and a beta of 1.17. eBay has a 52 week low of $21.52 and a 52 week high of $33.19.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast that eBay will post $1.89 earnings per share for the current fiscal year.
In other eBay news, SVP Jae Hyun Lee sold 11,768 shares of eBay stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $31.00, for a total transaction of $364,808.00. Following the sale, the senior vice president now owns 120,977 shares of the company’s stock, valued at approximately $3,750,287. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction 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 sale, the director now directly owns 425,288 shares in the company, valued at approximately $13,035,077.20. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Mycio Wealth Partners LLC increased its stake 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 valued at $100,000 after buying an additional 949 shares during the last quarter. Washington Trust Bank increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 shares of eBay during the first quarter valued at $143,000. 82.07% of the stock is currently 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.
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