eBay Inc (NASDAQ:EBAY) – Research analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for eBay in a research note issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst Y. Squali anticipates that the e-commerce company will post earnings per share of $0.45 for the quarter. SunTrust Banks has a “Buy” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for eBay’s Q3 2018 earnings at $0.47 EPS and Q4 2018 earnings at $0.55 EPS.
EBAY has been the topic of a number of other research reports. BMO Capital Markets upgraded eBay from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, December 4th. Guggenheim started coverage on eBay in a report on Friday, October 20th. They set a “neutral” rating on the stock. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis reiterated a “buy” rating and set a $45.00 target price on shares of eBay in a report on Friday, December 22nd. Finally, Robert W. Baird increased their target price on eBay from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.87.
Shares of eBay (NASDAQ:EBAY) traded down $0.17 during trading hours on Monday, reaching $42.15. The company’s stock had a trading volume of 10,415,600 shares, compared to its average volume of 11,850,229. The firm has a market cap of $42,660.00, a PE ratio of 21.82, a PEG ratio of 2.41 and a beta of 1.31. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay has a 52-week low of $31.89 and a 52-week high of $46.99.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS.
eBay announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the e-commerce company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joo Man Park sold 4,924 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total value of $210,107.08. Following the completion of the transaction, the senior vice president now directly owns 55,340 shares in the company, valued at $2,361,357.80. The disclosure for this sale can be found here. Insiders sold a total of 199,752 shares of company stock worth $8,288,316 over the last ninety days. Corporate insiders own 6.78% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EBAY. Pinnacle Wealth Planning Services Inc. purchased a new position in eBay in the fourth quarter valued at about $107,000. BB&T Investment Services Inc. purchased a new position in eBay in the second quarter valued at about $119,000. Valeo Financial Advisors LLC purchased a new position in eBay in the third quarter valued at about $122,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in eBay in the second quarter valued at about $123,000. Finally, Westside Investment Management Inc. raised its position in eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares during the period. 88.28% of the stock is currently owned by institutional investors.
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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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