Wells Fargo & Co reissued their buy rating on shares of eBay (NASDAQ:EBAY) in a research note released on Wednesday morning.
EBAY has been the topic of several other research reports. Stifel Nicolaus lowered their price target on shares of eBay from $44.00 to $43.00 and set a hold rating on the stock in a research report on Thursday, July 19th. BidaskClub cut shares of eBay from a sell rating to a strong sell rating in a research report on Tuesday, September 25th. Benchmark reissued a buy rating and set a $50.00 price target on shares of eBay in a research report on Tuesday, October 16th. SunTrust Banks reissued a hold rating and set a $38.00 price target on shares of eBay in a research report on Friday, October 19th. Finally, Credit Suisse Group lowered their price target on shares of eBay from $58.00 to $52.00 and set an outperform rating on the stock in a research report on Monday, October 29th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $40.97.
Shares of EBAY stock traded up $0.35 on Wednesday, hitting $29.87. 16,340,899 shares of the stock traded hands, compared to its average volume of 15,378,170. The company has a current ratio of 1.74, a quick ratio of 2.37 and a debt-to-equity ratio of 1.11. The stock has a market cap of $28.73 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.78 and a beta of 1.32. eBay has a twelve month low of $26.36 and a twelve month high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, equities research analysts predict that eBay will post 1.83 EPS for the current year.
In other eBay news, SVP Jae Hyun Lee sold 26,204 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $35.08, for a total value of $919,236.32. Following the transaction, the senior vice president now owns 128,457 shares of the company’s stock, valued at $4,506,271.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian J. Doerger sold 4,811 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $34.05, for a total transaction of $163,814.55. Following the completion of the transaction, the vice president now directly owns 34,644 shares in the company, valued at approximately $1,179,628.20. The disclosure for this sale can be found here. Insiders sold 103,994 shares of company stock worth $3,571,245 in the last ninety days. 6.78% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. CSat Investment Advisory L.P. acquired a new stake in shares of eBay during the second quarter worth about $106,000. Valeo Financial Advisors LLC acquired a new stake in shares of eBay during the second quarter worth about $107,000. NEXT Financial Group Inc acquired a new stake in shares of eBay during the third quarter worth about $130,000. Stratos Wealth Partners LTD. acquired a new stake in shares of eBay during the third quarter worth about $144,000. Finally, JNBA Financial Advisors lifted its position in shares of eBay by 567.5% during the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after purchasing an additional 3,836 shares in the last quarter. 84.50% of the stock is currently owned by institutional investors and hedge funds.
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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