FY2018 Earnings Estimate for eBay Inc. (EBAY) Issued By SunTrust Banks
eBay Inc. (NASDAQ:EBAY) – Investment analysts at SunTrust Banks raised their FY2018 EPS estimates for eBay in a report released on Thursday. SunTrust Banks analyst R. Peck now expects that the firm will earn $1.92 per share for the year, up from their prior estimate of $1.81. SunTrust Banks currently has a “Hold” rating and a $33.00 price target on the stock.
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 analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. eBay’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share.
EBAY has been the topic of a number of other reports. Susquehanna restated a “positive” rating and set a $34.00 price target (up from $32.00) on shares of eBay in a research report on Thursday, July 21st. Mizuho increased their price target on eBay from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Robert W. Baird restated a “buy” rating and set a $30.00 price target on shares of eBay in a research report on Tuesday, July 12th. Finally, Axiom Securities increased their price target on eBay from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Three 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. The stock currently has an average rating of “Hold” and a consensus target price of $33.66.
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Shares of eBay (NASDAQ:EBAY) opened at 31.89 on Monday. eBay has a 12 month low of $21.52 and a 12 month high of $33.19. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 19.60 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.
A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Parametric Risk Advisors LLC bought a new position in eBay during the first quarter valued at approximately $143,000. Altrinsic Global Advisors LLC increased its position in eBay by 50.3% in the first quarter. Altrinsic Global Advisors LLC now owns 2,238,554 shares of the e-commerce company’s stock valued at $53,412,000 after buying an additional 749,254 shares in the last quarter. AXA increased its position in eBay by 4.8% in the first quarter. AXA now owns 362,367 shares of the e-commerce company’s stock valued at $8,646,000 after buying an additional 16,573 shares in the last quarter. Pictet Asset Management Ltd. increased its position in eBay by 2.6% in the first quarter. Pictet Asset Management Ltd. now owns 1,947,571 shares of the e-commerce company’s stock valued at $46,352,000 after buying an additional 49,582 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in eBay by 5.7% in the first quarter. Primecap Management Co. CA now owns 8,303,100 shares of the e-commerce company’s stock valued at $198,112,000 after buying an additional 446,600 shares in the last quarter. 82.07% of the stock is currently owned by institutional investors.
In related news, VP Brian J. Doerger sold 23,958 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Raymond J. Pittman sold 39,030 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the transaction, the senior vice president now directly owns 32,738 shares in the company, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.
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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