eBay’s (EBAY) “Buy” Rating Reaffirmed at Benchmark

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eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by Benchmark in a research report issued to clients and investors on Wednesday. They presently have a $42.00 price objective on the e-commerce company’s stock. Benchmark’s price objective indicates a potential upside of 24.81% from the stock’s current price.

A number of other brokerages have also weighed in on EBAY. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. FIX lowered eBay from a “buy” rating to a “neutral” rating and lowered their target price for the company from $44.00 to $33.00 in a research note on Monday, October 22nd. Bank of America restated a “neutral” rating and issued a $38.00 target price (up from $34.00) on shares of eBay in a research note on Wednesday, January 23rd. Citigroup reiterated a “buy” rating and issued a $42.00 price target (up previously from $41.00) on shares of eBay in a report on Wednesday. Finally, Deutsche Bank decreased their price target on eBay from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.59.

Shares of NASDAQ:EBAY traded down $0.43 during midday trading on Wednesday, reaching $33.65. The company’s stock had a trading volume of 24,979,149 shares, compared to its average volume of 16,361,687. eBay has a fifty-two week low of $26.01 and a fifty-two week high of $46.99. The firm has a market cap of $32.44 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.74 and a current ratio of 1.74.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. eBay had a return on equity of 26.51% and a net margin of 23.54%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.86 billion. On average, analysts anticipate that eBay will post 2.05 EPS for the current fiscal year.

In related news, Director Robert Holmes Swan bought 17,787 shares of eBay stock in a transaction on Wednesday, January 2nd. The shares were purchased at an average price of $28.21 per share, for a total transaction of $501,771.27. Following the completion of the acquisition, the director now owns 289,207 shares in the company, valued at $8,158,529.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 3,526 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the transaction, the vice president now owns 37,664 shares in the company, valued at approximately $1,062,501.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,461 shares of company stock worth $2,643,165. Company insiders own 6.22% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Bank of New York Mellon Corp boosted its holdings in eBay by 30,706.7% during the third quarter. Bank of New York Mellon Corp now owns 12,508,428 shares of the e-commerce company’s stock worth $413,028,000 after buying an additional 12,467,825 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of eBay by 74.8% during the 3rd quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock valued at $590,516,000 after purchasing an additional 7,651,060 shares in the last quarter. Independent Franchise Partners LLP lifted its holdings in shares of eBay by 14.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 21,666,149 shares of the e-commerce company’s stock valued at $715,416,000 after purchasing an additional 2,755,032 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of eBay by 760.6% during the 4th quarter. DNB Asset Management AS now owns 2,196,053 shares of the e-commerce company’s stock valued at $61,643,000 after purchasing an additional 1,940,887 shares in the last quarter. Finally, Lindsell Train Ltd lifted its holdings in shares of eBay by 27.4% during the 3rd quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock valued at $259,039,000 after purchasing an additional 1,687,500 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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