eBay Inc. (EBAY) Given a $41.00 Price Target by Sanford C. Bernstein Analysts
eBay Inc. (NASDAQ:EBAY) received a $41.00 price objective from equities researchers at Sanford C. Bernstein in a research note issued to investors on Wednesday. The firm currently has a a “buy” rating on the e-commerce company’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 30.16% from the stock’s previous close.
A number of other equities analysts have also commented on EBAY. Benchmark Co. reaffirmed a “buy” rating and issued a $29.00 price target on shares of eBay in a report on Tuesday, June 21st. Maxim Group started coverage on eBay in a report on Wednesday, June 22nd. They issued a “buy” rating and a $36.00 price target for the company. Brean Capital started coverage on eBay in a report on Wednesday, June 22nd. They issued a “buy” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of eBay in a report on Monday, June 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $27.00 price target on shares of eBay in a report on Monday, June 27th. Three 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 a consensus rating of “Hold” and a consensus target price of $33.45.
Shares of eBay (NASDAQ:EBAY) traded up 0.13% during trading on Wednesday, reaching $31.50. The company’s stock had a trading volume of 6,353,981 shares. The stock 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 $21.51 and a 12-month high of $33.19. The stock’s 50-day moving average is $31.95 and its 200-day moving average is $27.32.
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eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The firm earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that eBay will post $1.89 earnings per share for the current fiscal year.
In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of the 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 completion of the sale, the senior vice president now owns 32,738 shares in the company, valued at approximately $1,052,199.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian J. Doerger sold 23,958 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the completion of the sale, the vice president now owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of EBAY. CenturyLink Investment Management Co increased its position in eBay by 554.7% in the third quarter. CenturyLink Investment Management Co now owns 72,858 shares of the e-commerce company’s stock valued at $2,397,000 after buying an additional 61,730 shares during the period. Capstone Asset Management Co. increased its position in eBay by 0.8% in the third quarter. Capstone Asset Management Co. now owns 108,818 shares of the e-commerce company’s stock valued at $3,580,000 after buying an additional 854 shares during the period. Legacy Private Trust Co. bought a new position in eBay during the third quarter valued at approximately $429,000. Gofen & Glossberg LLC IL bought a new position in eBay during the third quarter valued at approximately $254,000. Finally, Advisory Services Network LLC increased its position in eBay by 397.6% in the third quarter. Advisory Services Network LLC now owns 24,296 shares of the e-commerce company’s stock valued at $799,000 after buying an additional 19,413 shares during the period. Institutional investors and hedge funds own 82.00% of the company’s stock.
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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