eBay Inc. (EBAY) PT Raised to $42.00
eBay Inc. (NASDAQ:EBAY) had its target price upped by research analysts at Aegis from $40.00 to $42.00 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. Aegis’ price target points to a potential upside of 19.69% from the stock’s current price.
EBAY has been the topic of a number of other reports. Macquarie reiterated a “neutral” rating and issued a $39.00 price target on shares of eBay in a report on Tuesday, April 18th. Credit Suisse Group upgraded eBay to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, June 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $35.00 price target on shares of eBay in a report on Friday, April 14th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $30.00 price target on shares of eBay in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.62.
Shares of eBay (EBAY) opened at 35.09 on Tuesday. eBay has a 52 week low of $22.30 and a 52 week high of $36.50. The company has a 50-day moving average price of $34.41 and a 200 day moving average price of $32.74. The stock has a market capitalization of $37.98 billion, a PE ratio of 5.05 and a beta of 1.37. eBay also saw unusually large options trading on Monday. Stock traders bought 9,108 call options on the stock. This represents an increase of 153% compared to the average volume of 3,602 call options.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. eBay’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. Equities analysts forecast that eBay will post $2.01 EPS for the current fiscal year.
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In other eBay news, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 109,468 shares in the company, valued at approximately $3,541,289.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 12,904 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $33.57, for a total value of $433,187.28. Following the sale, the vice president now owns 33,604 shares of the company’s stock, valued at $1,128,086.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,712 shares of company stock valued at $2,877,612. 6.78% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of EBAY. BlackRock Inc. raised its stake in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the period. Wellington Management Group LLP raised its stake in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares during the period. Boston Partners raised its stake in eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock valued at $992,828,000 after buying an additional 544,112 shares during the period. Nordea Investment Management AB raised its stake in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in eBay by 4.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,700,034 shares of the e-commerce company’s stock valued at $459,911,000 after buying an additional 604,985 shares during the period. Institutional investors own 84.97% of the company’s stock.
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.
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