Vetr Inc. Lowers eBay Inc (EBAY) to Buy
eBay Inc (NASDAQ:EBAY) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They presently have a $38.72 target price on the e-commerce company’s stock. Vetr‘s price target points to a potential upside of 10.95% from the company’s previous close.
EBAY has been the topic of several other reports. Monness Crespi & Hardt reissued a “buy” rating and issued a $35.00 price objective on shares of eBay in a report on Saturday, January 28th. Jefferies Group LLC set a $32.00 price target on eBay and gave the stock a “neutral” rating in a research note on Tuesday, January 24th. Maxim Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of eBay in a research note on Wednesday, April 12th. Canaccord Genuity reaffirmed a “hold” rating and issued a $31.00 price target on shares of eBay in a research note on Wednesday, March 1st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $28.00 price target on shares of eBay in a research note on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.16.
eBay (NASDAQ:EBAY) traded down 0.91% on Wednesday, reaching $34.90. The company’s stock had a trading volume of 6,622,496 shares. The firm has a 50-day moving average of $33.76 and a 200 day moving average of $31.93. eBay has a 12-month low of $22.30 and a 12-month high of $35.30. The company has a market capitalization of $37.77 billion, a price-to-earnings ratio of 5.03 and a beta of 1.31.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. eBay had a return on equity of 24.13% and a net margin of 80.92%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company earned $0.47 earnings per share. eBay’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that eBay will post $2.01 EPS for the current fiscal year.
In other eBay news, SVP Stephen Fisher sold 33,008 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the sale, the senior vice president now owns 109,468 shares in the company, valued at approximately $3,541,289.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the sale, the director now owns 286,562 shares in the company, valued at approximately $10,029,670. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,712 shares of company stock worth $2,877,612. 7.40% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in EBAY. Boston Partners boosted its stake in eBay by 5.3% in the third quarter. Boston Partners now owns 26,671,175 shares of the e-commerce company’s stock valued at $877,482,000 after buying an additional 1,342,624 shares during the period. Birch Hill Investment Advisors LLC boosted its stake in eBay by 5.3% in the third quarter. Birch Hill Investment Advisors LLC now owns 575,490 shares of the e-commerce company’s stock valued at $18,934,000 after buying an additional 28,900 shares during the period. USA Financial Portformulas Corp acquired a new stake in eBay during the fourth quarter valued at about $5,303,000. River & Mercantile Asset Management LLP acquired a new stake in eBay during the fourth quarter valued at about $2,738,000. Finally, Waldron LP acquired a new stake in eBay during the first quarter valued at about $210,000. Hedge funds and other institutional investors own 85.86% of the company’s stock.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
To view Vetr’s full report, visit Vetr’s official website.
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