eBay Inc. (EBAY) Stock Rating Reaffirmed by Cantor Fitzgerald
eBay Inc. (NASDAQ:EBAY)‘s stock had its “hold” rating restated by research analysts at Cantor Fitzgerald in a research note issued to investors on Tuesday. They currently have a $27.00 price objective on the e-commerce company’s stock. Cantor Fitzgerald’s price target indicates a potential downside of 15.12% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Deutsche Bank AG restated a “buy” rating and set a $40.00 price objective on shares of eBay in a research note on Wednesday, October 12th. Argus reaffirmed a “buy” rating and set 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 set 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 set a $34.00 target price (up from $30.00) on shares of eBay in a research report on Friday, July 15th. 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 assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.95.
Shares of eBay (NASDAQ:EBAY) traded down 0.38% during mid-day trading on Tuesday, hitting $31.69. The company had a trading volume of 6,965,032 shares. eBay has a 52-week low of $21.52 and a 52-week high of $33.19. The stock’s 50-day moving average is $32.01 and its 200-day moving average is $27.54. The stock has a market cap of $35.78 billion, a price-to-earnings ratio of 19.48 and a beta of 1.17.
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eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities analysts forecast that eBay will post $1.89 earnings per share for the current year.
In other eBay news, VP Brian J. Doerger sold 23,958 shares of the company’s stock in a transaction on 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 $1,485,368.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Raymond J. Pittman sold 39,030 shares of the company’s stock in a transaction on 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 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 owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mycio Wealth Partners LLC boosted its position 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 valued at $100,000 after buying an additional 949 shares in the last quarter. Washington Trust Bank boosted its position in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares in the last quarter. Advisory Services Network LLC boosted its position 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 valued at $114,000 after buying an additional 150 shares in the last quarter. Quadrant Capital Group LLC boosted its position 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 valued at $125,000 after buying an additional 42 shares in the last quarter. Finally, Parametric Risk Advisors LLC bought a new position in eBay during the first quarter valued at about $143,000. 82.07% of the stock is currently owned by institutional investors.
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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