eBay Inc. (EBAY) Stock Rating Reaffirmed by Robert W. Baird
eBay Inc. (NASDAQ:EBAY)‘s stock had its “outperform” rating reiterated by analysts at Robert W. Baird in a report issued on Monday. They presently have a $35.00 price target on the e-commerce company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 9.75% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $40.00 price target on shares of eBay in a report on Wednesday, October 12th. Argus reiterated a “buy” rating and issued a $36.00 price target on shares of eBay in a report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the company a “buy” rating in a report on Thursday, July 21st. Axiom Securities reiterated a “buy” rating and issued a $34.00 price target (up previously from $30.00) on shares of eBay in a report on Friday, July 15th. Finally, Pacific Crest lowered shares of eBay to a “sell” rating in a report on Saturday, October 1st. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.88.
eBay (NASDAQ:EBAY) traded down 1.29% during mid-day trading on Monday, hitting $31.48. The stock had a trading volume of 5,391,374 shares. eBay has a 52-week low of $21.52 and a 52-week high of $33.19. The stock has a market cap of $35.54 billion, a P/E ratio of 19.35 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.
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eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $0.42 earnings per share. eBay’s revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that eBay will post $1.89 EPS for the current fiscal year.
In related news, VP Brian J. Doerger sold 23,958 shares of the company’s 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 sale, the vice president now directly owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan sold 50,000 shares of the company’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 sale, the director now directly owns 375,928 shares of the company’s stock, valued at $12,010,899.60. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. First Financial Corp IN increased its stake in eBay by 3.2% in the third quarter. First Financial Corp IN now owns 34,543 shares of the e-commerce company’s stock valued at $1,136,000 after buying an additional 1,085 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in eBay during the third quarter valued at about $237,000. National Pension Service increased its stake in 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. increased its stake in 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. Finally, Highland Capital Management LLC purchased a new stake in eBay during the third quarter valued at about $207,000. 82.07% of the stock is owned by institutional investors and hedge funds.
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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