Atlantic Securities set a $40.00 target price on eBay Inc. (NASDAQ:EBAY) in a report issued on Thursday, October 19th. The brokerage currently has a neutral rating on the e-commerce company’s stock.
Several other research firms have also recently weighed in on EBAY. Aegis restated a buy rating and set a $44.00 target price (up previously from $42.00) on shares of eBay in a research note on Tuesday, September 19th. Robert W. Baird restated a buy rating and set a $38.00 target price on shares of eBay in a research note on Monday, October 16th. Piper Jaffray Companies set a $34.00 target price on eBay and gave the stock a hold rating in a research note on Wednesday, October 11th. KeyCorp reaffirmed a hold rating on shares of eBay in a research report on Wednesday, October 11th. Finally, DA Davidson assumed coverage on eBay in a research report on Wednesday, September 13th. They set a buy rating and a $45.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $38.45.
Shares of eBay (NASDAQ EBAY) traded down 0.27% during trading on Thursday, hitting $36.80. 10,880,141 shares of the stock were exchanged. The stock has a market cap of $39.39 billion, a PE ratio of 5.52 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $39.28. The firm has a 50 day moving average of $38.07 and a 200-day moving average of $35.69.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. eBay’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Equities research analysts anticipate that eBay will post $2.00 earnings per share for the current fiscal year.
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eBay announced that its board has approved a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, SVP Harry A. Lawton III sold 34,832 shares of the firm’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 value of $1,219,120.00. Following the sale, the senior vice president now directly owns 83,058 shares in the company, valued at approximately $2,907,030. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Oh Huber sold 72,417 shares of the firm’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 value of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,655 shares of company stock worth $7,486,428. 6.78% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. Captrust Financial Advisors acquired a new position in shares of eBay during the 2nd quarter valued at $108,000. BB&T Investment Services Inc. acquired a new position in shares of eBay during the 2nd quarter valued at $119,000. Westside Investment Management Inc. increased its position in shares of eBay by 284.0% during the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after purchasing an additional 2,638 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay during the 2nd quarter valued at $123,000. Finally, FNY Partners Fund LP increased its position in shares of eBay by 660.0% during the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 3,300 shares during the period. Hedge funds and other institutional investors own 84.67% 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 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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