Robert W. Baird reiterated their buy rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report released on Monday, October 16th. The brokerage currently has a $38.00 price objective on the e-commerce company’s stock.
A number of other equities research analysts have also commented on the stock. KeyCorp restated a hold rating on shares of eBay in a report on Wednesday, October 11th. Piper Jaffray Companies set a $34.00 price objective on shares of eBay and gave the stock a hold rating in a report on Wednesday, October 11th. Wells Fargo & Company restated an outperform rating and set a $45.00 price objective on shares of eBay in a report on Tuesday, September 26th. Benchmark Co. restated a buy rating and set a $45.00 price objective (up from $40.00) on shares of eBay in a report on Friday, September 22nd. Finally, Aegis restated a buy rating and set a $44.00 price objective (up from $42.00) on shares of eBay in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have issued a buy rating to the company. eBay presently has an average rating of Hold and an average target price of $38.45.
eBay (NASDAQ EBAY) opened at 36.90 on Monday. eBay has a 52-week low of $27.28 and a 52-week high of $39.28. The company has a 50-day moving average of $38.07 and a 200 day moving average of $35.69. The firm has a market cap of $39.49 billion, a price-to-earnings ratio of 5.54 and a beta of 1.36.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that eBay will post $2.00 EPS for the current year.
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eBay declared that its board has initiated a share buyback program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at approximately $3,812,635.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the sale, the senior vice president now directly owns 83,058 shares in the company, valued at $2,907,030. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,655 shares of company stock valued at $7,486,428. 6.78% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. BlackRock Inc. grew its holdings in eBay by 2,424.9% during the 1st quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after acquiring an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP grew its holdings in eBay by 169.5% during the 1st quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after acquiring an additional 23,404,909 shares during the last quarter. Glenview Capital Management LLC grew its holdings in eBay by 442.0% during the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after acquiring an additional 7,262,862 shares during the last quarter. Harding Loevner LP bought a new stake in eBay during the 2nd quarter worth approximately $128,878,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in eBay by 1,077.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock worth $131,973,000 after acquiring an additional 3,458,300 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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