Robert W. Baird Reaffirms “Outperform” Rating for eBay Inc. (EBAY)
eBay Inc. (NASDAQ:EBAY)‘s stock had its “outperform” rating reiterated by Robert W. Baird in a research note issued to investors on Monday.
EBAY has been the subject of several other reports. Macquarie reissued a “neutral” rating and set a $39.00 price objective on shares of eBay in a report on Tuesday, April 18th. Credit Suisse Group raised shares of eBay to a “buy” rating and set a $44.00 target price for the company in a report on Monday, June 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 target price on shares of eBay in a report on Friday, April 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $39.00 target price (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 research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.70.
eBay (NASDAQ EBAY) opened at 34.92 on Monday. The company has a market capitalization of $37.80 billion, a P/E ratio of 5.03 and a beta of 1.36. The stock’s 50 day moving average is $34.72 and its 200-day moving average is $32.99. eBay has a 52-week low of $23.30 and a 52-week high of $36.50.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts predict that eBay will post $2.01 EPS for the current fiscal year.
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In related news, SVP Stephen Fisher sold 33,008 shares of the firm’s 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 of the company’s stock, valued at approximately $3,541,289.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 2,903 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $34.11, for a total value of $99,021.33. Following the sale, the vice president now directly owns 30,701 shares in the company, valued at approximately $1,047,211.11. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock worth $2,877,612 in the last ninety days. 6.78% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of eBay by 12.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 553,705 shares of the e-commerce company’s stock valued at $18,589,000 after buying an additional 61,665 shares during the last quarter. Palisades Hudson Asset Management L.P. acquired a new stake in shares of eBay during the first quarter valued at approximately $210,000. Steadfast Capital Management LP increased its stake in shares of eBay by 42.8% in the first quarter. Steadfast Capital Management LP now owns 9,042,180 shares of the e-commerce company’s stock valued at $303,546,000 after buying an additional 2,708,246 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of eBay by 131.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 297,187 shares of the e-commerce company’s stock valued at $9,976,000 after buying an additional 168,687 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new stake in shares of eBay during the first quarter valued at approximately $4,204,000. 84.97% 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 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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