eBay Inc. (EBAY) PT Raised to $35.00 at Monness Crespi & Hardt
eBay Inc. (NASDAQ:EBAY) had its target price boosted by equities researchers at Monness Crespi & Hardt from $32.00 to $35.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the e-commerce company’s stock. Monness Crespi & Hardt’s price objective points to a potential upside of 10.03% from the stock’s previous close.
Several other research analysts have also weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $40.00 target price on shares of eBay in a research report on Wednesday, October 12th. Argus reaffirmed a “buy” rating and issued a $36.00 target price on shares of eBay in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 target price on eBay and gave the stock a “buy” rating in a research report on Thursday, July 21st. Robert W. Baird reaffirmed an “outperform” rating and issued a $35.00 target price on shares of eBay in a research report on Monday, August 1st. Finally, Axiom Securities reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of eBay in a research report on Friday, July 15th. 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 company’s stock. eBay currently has an average rating of “Hold” and a consensus price target of $33.95.
eBay (NASDAQ:EBAY) opened at 31.81 on Tuesday. The firm has a market capitalization of $35.91 billion, a PE ratio of 19.55 and a beta of 1.17. The stock’s 50 day moving average price is $32.01 and its 200 day moving average price is $27.54. 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 quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping the 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 had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Analysts expect that eBay will post $1.89 earnings per share for the current year.
In related news, SVP Raymond J. Pittman sold 39,030 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total value of $1,254,424.20. Following the sale, the senior vice president now owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Holmes Swan sold 50,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the completion of the sale, the director now directly owns 425,288 shares in the company, valued at approximately $13,035,077.20. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Mycio Wealth Partners LLC boosted its stake in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares during the last quarter. Washington Trust Bank boosted its stake in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares during the last quarter. Advisory Services Network LLC boosted its stake in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock worth $125,000 after buying an additional 42 shares during the last quarter. Finally, Parametric Risk Advisors LLC acquired a new stake in eBay during the first quarter worth $143,000. 82.07% of the stock is currently 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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