Deutsche Bank AG Reaffirms Buy Rating for eBay Inc. (EBAY)
eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They currently have a $40.00 price target on the e-commerce company’s stock. Deutsche Bank AG’s price target suggests a potential upside of 26.98% from the stock’s current price.
EBAY has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $34.00 target price on shares of eBay in a research note on Tuesday, September 27th. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a research note on Sunday, August 14th. Hilliard Lyons began coverage on eBay in a research note on Tuesday, August 30th. They set a “long-term buy” rating and a $35.00 price target on the stock. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a “buy” rating in a research note on Thursday, September 8th. Finally, Susquehanna restated a “positive” rating and set a $34.00 price target (up previously from $32.00) on shares of eBay in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.45.
Shares of eBay (NASDAQ:EBAY) traded up 0.13% during mid-day trading on Wednesday, hitting $31.50. 6,345,294 shares of the stock were exchanged. The stock’s 50 day moving average is $31.95 and its 200 day moving average is $27.32. The firm has a market cap of $35.56 billion, a P/E ratio of 19.36 and a beta of 1.17. eBay has a 12 month low of $21.52 and a 12 month high of $33.19.
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eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that eBay will post $1.89 EPS for the current fiscal year.
In other eBay news, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the completion of the sale, the director now directly owns 425,288 shares of the company’s stock, valued at approximately $13,035,077.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jae Hyun Lee sold 11,768 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $31.00, for a total value of $364,808.00. Following the sale, the senior vice president now directly owns 120,977 shares of the company’s stock, valued at $3,750,287. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in 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 during the last quarter. Fulton Bank N.A. boosted its stake in eBay by 0.7% in the third quarter. Fulton Bank N.A. now owns 9,042 shares of the e-commerce company’s stock worth $298,000 after buying an additional 63 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock worth $676,000 after buying an additional 91 shares during the last quarter. Rathbone Brothers plc boosted its stake in eBay by 0.4% in the second quarter. Rathbone Brothers plc now owns 33,545 shares of the e-commerce company’s stock worth $785,000 after buying an additional 140 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in eBay by 2.4% in the second quarter. FineMark National Bank & Trust now owns 6,200 shares of the e-commerce company’s stock worth $146,000 after buying an additional 143 shares during the last quarter. 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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