eBay Inc. (EBAY) Given “Buy” Rating at Deutsche Bank AG
eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They currently have a $40.00 price target on the e-commerce company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 26.98% from the stock’s current price.
EBAY has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued a “hold” rating and issued a $34.00 target price on shares of eBay in a research report on Tuesday, September 27th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of eBay in a research report on Sunday, August 14th. Hilliard Lyons initiated coverage on shares of eBay in a research report on Tuesday, August 30th. They set a “long-term buy” rating and a $35.00 price target for the company. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Thursday, September 8th. Finally, Susquehanna reaffirmed a “positive” rating and set a $34.00 price target (up previously from $32.00) on shares of eBay in a research report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. eBay currently has a consensus rating of “Hold” and an average target price of $33.45.
eBay (NASDAQ:EBAY) traded up 0.13% during trading on Wednesday, hitting $31.50. 6,345,294 shares of the stock were exchanged. The firm has a market capitalization of $35.56 billion, a price-to-earnings ratio of 19.36 and a beta of 1.17. eBay has a 1-year low of $21.52 and a 1-year high of $33.19. The company has a 50-day moving average price of $31.95 and a 200 day moving average price of $27.32.
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eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share 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 business earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. eBay’s revenue was up 5.7% on a year-over-year basis. Equities analysts predict that eBay will post $1.89 earnings per share for the current fiscal year.
In other news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $30.65, for a total value of $1,532,500.00. Following the sale, the director now directly owns 425,288 shares of the company’s stock, valued at $13,035,077.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction that occurred 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 directly owns 48,605 shares in the company, valued at $1,485,368.80. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of EBAY. CenturyLink Investment Management Co raised its stake in shares of eBay by 554.7% in the third quarter. CenturyLink Investment Management Co now owns 72,858 shares of the e-commerce company’s stock worth $2,397,000 after buying an additional 61,730 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of eBay by 0.8% in the third quarter. Capstone Asset Management Co. now owns 108,818 shares of the e-commerce company’s stock worth $3,580,000 after buying an additional 854 shares in the last quarter. Legacy Private Trust Co. purchased a new stake in shares of eBay during the third quarter worth about $429,000. Gofen & Glossberg LLC IL purchased a new stake in shares of eBay during the third quarter worth about $254,000. Finally, Advisory Services Network LLC raised its stake in shares of eBay by 397.6% in the third quarter. Advisory Services Network LLC now owns 24,296 shares of the e-commerce company’s stock worth $799,000 after buying an additional 19,413 shares in the last quarter. 82.00% of the stock is currently owned by hedge funds and other 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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