eBay’s (EBAY) “Outperform” Rating Reiterated at Robert W. Baird
eBay Inc. (NASDAQ:EBAY)‘s stock had its “outperform” rating restated by research analysts at Robert W. Baird in a note issued to investors on Saturday. They currently have a $35.00 price objective on the e-commerce company’s stock. Robert W. Baird’s price objective suggests a potential upside of 10.69% from the stock’s previous close.
EBAY has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $34.00 price target on shares of eBay in a report on Tuesday, September 27th. Deutsche Bank AG upgraded eBay from a “hold” rating to a “buy” rating and raised their price target for the company from $30.00 to $40.00 in a report on Wednesday, September 28th. Cantor Fitzgerald reiterated a “hold” rating on shares of eBay in a report on Sunday, August 14th. Hilliard Lyons initiated coverage on eBay in a report on Tuesday, August 30th. They issued a “long-term buy” rating and a $35.00 price target on the stock. Finally, Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a “buy” rating in a report on Thursday, September 8th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. eBay has an average rating of “Hold” and an average price target of $33.03.
eBay (NASDAQ:EBAY) opened at 31.62 on Friday. The firm’s 50-day moving average price is $31.88 and its 200 day moving average price is $27.19. eBay has a 1-year low of $21.52 and a 1-year high of $33.19. The stock has a market cap of $35.70 billion, a PE ratio of 19.43 and a beta of 1.17.
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eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities research analysts expect that eBay will post $1.89 EPS for the current year.
In other news, Director Robert Holmes Swan sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total transaction of $1,597,500.00. Following the completion of the transaction, the director now owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Raymond J. Pittman sold 39,030 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the transaction, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of EBAY. Mycio Wealth Partners LLC boosted its position in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares during the period. Washington Trust Bank raised its stake in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock worth $125,000 after buying an additional 42 shares in the last quarter. Finally, Parametric Risk Advisors LLC purchased a new stake in shares of eBay during the first quarter worth $143,000. 82.00% of the stock is owned by institutional investors.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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