eBay Inc. (EBAY) Stock Rating Reaffirmed by Robert W. Baird
eBay Inc. (NASDAQ:EBAY)‘s stock had its “outperform” rating reaffirmed by Robert W. Baird in a research report issued to clients and investors on Monday. They currently have a $35.00 target price on the e-commerce company’s stock. Robert W. Baird’s target price suggests a potential upside of 9.75% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the stock. Credit Suisse Group AG set a $34.00 price target on shares of eBay and gave the stock a “neutral” rating in a research note on Monday. Benchmark Co. increased their price objective on shares of eBay from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Monday. Piper Jaffray Cos. reissued a “neutral” rating and issued a $25.00 price objective on shares of eBay in a research note on Saturday. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Friday. Finally, Wedbush reissued a “neutral” rating and issued a $34.00 price objective (up from $29.00) on shares of eBay in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.88.
Shares of eBay (NASDAQ:EBAY) traded down 1.301% during midday trading on Monday, hitting $31.475. 5,242,199 shares of the company’s stock were exchanged. eBay has a one year low of $21.52 and a one year high of $33.19. The firm has a market cap of $35.54 billion, a PE ratio of 19.345 and a beta of 1.17. The stock’s 50-day moving average price is $31.99 and its 200 day moving average price is $27.43.
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eBay (NASDAQ:EBAY) last posted its quarterly 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 net margin of 22.00% and a return on equity of 29.12%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that eBay will post $1.89 EPS for the current year.
In related news, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristin A. Yetto sold 17,596 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.79, for a total value of $541,780.84. Following the completion of the transaction, the senior vice president now directly owns 19,346 shares in the company, valued at approximately $595,663.34. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. AMP Capital Investors Ltd boosted its position in shares of eBay by 18.6% in the first quarter. AMP Capital Investors Ltd now owns 1,632,449 shares of the e-commerce company’s stock worth $39,243,000 after buying an additional 255,722 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock valued at $18,629,000 after buying an additional 25,907 shares during the period. Davis R M Inc. boosted its position in eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock valued at $281,000 after buying an additional 3,200 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in eBay during the first quarter valued at $2,887,000. Finally, Creative Planning boosted its position in eBay by 19.2% in the second quarter. Creative Planning now owns 22,906 shares of the e-commerce company’s stock valued at $536,000 after buying an additional 3,683 shares during the period. 82.07% of the stock is currently owned by hedge funds and other institutional investors.
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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