eBay Inc. (EBAY) Stock Rating Reaffirmed by Cantor Fitzgerald
eBay Inc. (NASDAQ:EBAY)‘s stock had its “hold” rating reissued by Cantor Fitzgerald in a note issued to investors on Tuesday. They currently have a $27.00 price target on the e-commerce company’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 15.12% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG reissued a “hold” rating on shares of eBay in a report on Sunday, July 10th. Pacific Crest downgraded shares of eBay to a “sell” rating in a report on Saturday, October 1st. Monness Crespi & Hardt boosted their price target on shares of eBay from $32.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday. 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. Finally, Robert W. Baird reissued an “outperform” rating and set a $35.00 price target on shares of eBay in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and a consensus target price of $33.95.
eBay (NASDAQ:EBAY) traded down 0.28% during midday trading on Tuesday, hitting $31.72. 6,742,475 shares of the company’s stock traded hands. The company has a market capitalization of $35.81 billion, a PE ratio of 19.50 and a beta of 1.17. The company has a 50 day moving average of $32.01 and a 200-day moving average of $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 announced its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 company earned $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that eBay will post $1.89 earnings per share for the current year.
In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of eBay 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 transaction, the senior vice president now owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.65, for a total value of $1,532,500.00. Following the transaction, 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. Company insiders own 7.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Credit Agricole S A boosted its position in eBay by 179.2% in the first quarter. Credit Agricole S A now owns 938,596 shares of the e-commerce company’s stock valued at $22,395,000 after buying an additional 602,421 shares during the period. BB&T Securities LLC boosted its position in eBay by 2.2% in the first quarter. BB&T Securities LLC now owns 104,128 shares of the e-commerce company’s stock valued at $2,484,000 after buying an additional 2,198 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in eBay during the first quarter valued at $691,000. Zebra Capital Management LLC boosted its position in eBay by 30.5% in the first quarter. Zebra Capital Management LLC now owns 33,194 shares of the e-commerce company’s stock valued at $792,000 after buying an additional 7,752 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in eBay by 5.0% in the first quarter. Rafferty Asset Management LLC now owns 32,764 shares of the e-commerce company’s stock valued at $782,000 after buying an additional 1,565 shares during the period. 82.07% of the stock is currently owned by 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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