eBay (EBAY) Lowered to Sell at BidaskClub

BidaskClub cut shares of eBay (NASDAQ:EBAY) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other research firms have also weighed in on EBAY. Credit Suisse Group upped their price objective on eBay from $44.00 to $46.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. UBS set a $44.00 price target on eBay and gave the company a buy rating in a research note on Thursday, January 11th. Macquarie set a $46.00 price target on eBay and gave the company a neutral rating in a research note on Thursday, February 1st. Atlantic Securities set a $45.00 price target on eBay and gave the company a neutral rating in a research note on Thursday, February 1st. Finally, Robert W. Baird set a $52.00 price target on eBay and gave the company a buy rating in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $43.46.

How to Become a New Pot Stock Millionaire

NASDAQ EBAY opened at $39.09 on Friday. The stock has a market capitalization of $39,562.21, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 2.19. eBay has a twelve month low of $31.89 and a twelve month high of $46.99.

eBay (NASDAQ:EBAY) last released its quarterly earnings data 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 firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. equities research analysts predict that eBay will post 1.84 earnings per share for the current fiscal year.

eBay announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

In other news, insider Devin Wenig sold 134,207 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the sale, the insider now directly owns 642,077 shares in the company, valued at $27,410,267.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joo Man Park sold 4,924 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 55,340 shares in the company, valued at $2,361,357.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 393,202 shares of company stock worth $16,971,727. Company insiders own 6.78% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of eBay by 1.2% in the fourth quarter. BlackRock Inc. now owns 61,658,847 shares of the e-commerce company’s stock worth $2,327,005,000 after buying an additional 740,730 shares during the period. Magellan Asset Management Ltd raised its holdings in shares of eBay by 2.7% in the fourth quarter. Magellan Asset Management Ltd now owns 37,035,282 shares of the e-commerce company’s stock worth $1,397,712,000 after buying an additional 986,978 shares during the period. Lazard Asset Management LLC increased its holdings in eBay by 7.6% during the 4th quarter. Lazard Asset Management LLC now owns 22,610,368 shares of the e-commerce company’s stock worth $853,313,000 after purchasing an additional 1,595,771 shares during the period. TIAA CREF Investment Management LLC increased its holdings in eBay by 10.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 10,075,562 shares of the e-commerce company’s stock worth $380,252,000 after purchasing an additional 918,256 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in eBay by 29,058.6% during the 4th quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock worth $372,929,000 after purchasing an additional 9,847,664 shares during the period. Hedge funds and other institutional investors own 88.86% of the company’s stock.

WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/08/ebay-ebay-lowered-to-sell-at-bidaskclub.html.

About eBay

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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply