eBay (NASDAQ:EBAY) had its target price increased by Raymond James from $34.00 to $35.00 in a research report report published on Wednesday, MarketBeat Ratings reports. The firm currently has an outperform rating on the e-commerce company’s stock.
A number of other analysts also recently commented on EBAY. Canaccord Genuity reduced their price objective on eBay from $40.00 to $30.00 and set a neutral rating for the company in a research report on Wednesday. They noted that the move was a valuation call. Bank of America raised their price objective on eBay from $33.00 to $34.00 and gave the stock a neutral rating in a research report on Wednesday. Royal Bank of Canada reduced their price objective on eBay from $34.00 to $31.00 and set a sector perform rating for the company in a research report on Wednesday. KeyCorp reiterated an overweight rating and issued a $43.00 price objective (down previously from $50.00) on shares of eBay in a research report on Wednesday. Finally, Benchmark reduced their price objective on eBay from $50.00 to $41.00 and set a buy rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $40.97.
Shares of NASDAQ:EBAY opened at $29.87 on Wednesday. eBay has a twelve month low of $26.36 and a twelve month high of $46.99. The company has a market cap of $28.76 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. The company has a quick ratio of 2.37, a current ratio of 1.74 and a debt-to-equity ratio of 1.11.
eBay (NASDAQ:EBAY) last announced its 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. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that eBay will post 1.84 earnings per share for the current fiscal year.
In other news, SVP Kristin A. Yetto sold 25,240 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $33.99, for a total value of $857,907.60. Following the transaction, the senior vice president now directly owns 83,876 shares in the company, valued at approximately $2,850,945.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jae Hyun Lee sold 26,204 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the completion of the transaction, the senior vice president now owns 128,457 shares in the company, valued at $4,506,271.56. The disclosure for this sale can be found here. Insiders sold a total of 103,994 shares of company stock valued at $3,571,245 over the last three months. Insiders own 6.78% of the company’s stock.
Several large investors have recently bought and sold shares of EBAY. CSat Investment Advisory L.P. bought a new position in shares of eBay in the 2nd quarter worth $106,000. Valeo Financial Advisors LLC bought a new position in eBay during the second quarter worth about $107,000. NEXT Financial Group Inc bought a new position in eBay during the third quarter worth about $130,000. Stratos Wealth Partners LTD. bought a new position in eBay during the third quarter worth about $144,000. Finally, JNBA Financial Advisors lifted its holdings in 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 acquiring an additional 3,836 shares in the last quarter. Institutional investors and hedge funds own 84.50% of the company’s stock.
eBay Company Profile
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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