eBay Inc. (EBAY) Price Target Increased to $38.00 by Analysts at Benchmark Co.
eBay Inc. (NASDAQ:EBAY) had its target price increased by research analysts at Benchmark Co. from $33.00 to $38.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the e-commerce company’s stock. Benchmark Co.’s price objective suggests a potential upside of 19.16% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Axiom Securities reissued a “buy” rating and set a $34.00 target price (up previously from $30.00) on shares of eBay in a research report on Friday, July 15th. Zacks Investment Research raised shares of eBay from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, July 13th. Robert W. Baird reissued a “buy” rating and set a $30.00 target price on shares of eBay in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. set a $30.00 target price on shares of eBay and gave the company a “buy” rating in a research report on Monday, July 11th. Finally, Maxim Group started coverage on shares of eBay in a research report on Wednesday, June 22nd. They set a “buy” rating and a $36.00 target price for the company. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.80.
Shares of eBay (NASDAQ:EBAY) opened at 31.89 on Monday. The company has a market cap of $36.00 billion, a P/E ratio of 19.60 and a beta of 1.17. The firm has a 50-day moving average of $31.99 and a 200-day moving average of $27.43. eBay has a 52-week low of $21.52 and a 52-week high of $33.19.
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eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The company earned $2.23 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. eBay’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts forecast that eBay will post $1.89 earnings per share for the current year.
In other news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total value of $1,597,500.00. Following the transaction, the director now directly owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. 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 on Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the transaction, 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 currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Pennsylvania Trust Co purchased a new position in shares of eBay during the third quarter valued at about $237,000. National Pension Service boosted its position in shares of eBay by 8.7% in the third quarter. National Pension Service now owns 793,472 shares of the e-commerce company’s stock valued at $26,105,000 after buying an additional 63,732 shares in the last quarter. Private Bank & Trust Co. boosted its position in shares of eBay by 0.8% in the third quarter. Private Bank & Trust Co. now owns 27,295 shares of the e-commerce company’s stock valued at $898,000 after buying an additional 225 shares in the last quarter. Highland Capital Management LLC purchased a new position in shares of eBay during the third quarter valued at about $207,000. Finally, CenturyLink Investment Management Co boosted its position 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 valued at $2,397,000 after buying an additional 61,730 shares in the last quarter. 82.07% of the stock is currently owned by institutional investors and hedge funds.
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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