eBay Inc. (NASDAQ:EBAY) Stock Rating Lowered by TheStreet
eBay Inc. (NASDAQ:EBAY) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday.
A number of other brokerages have also weighed in on EBAY. Credit Suisse Group raised eBay from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $34.00 to $44.00 in a report on Monday, June 5th. Robert W. Baird reaffirmed an “outperform” rating on shares of eBay in a report on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $34.00 price objective on shares of eBay in a report on Thursday, April 13th. BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $36.00) on shares of eBay in a report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $36.09.
eBay (EBAY) traded down 0.08% during midday trading on Friday, reaching $37.05. 8,186,411 shares of the company were exchanged. eBay has a 52-week low of $25.95 and a 52-week high of $37.20. The company has a 50 day moving average of $34.72 and a 200-day moving average of $32.99. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of 5.34 and a beta of 1.36.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. eBay had a return on equity of 20.44% and a net margin of 86.31%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. eBay’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that eBay will post $2.01 earnings per share for the current fiscal year.
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In other news, SVP Stephen Fisher sold 33,008 shares of eBay stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the completion of the transaction, 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 hyperlink. Also, VP Brian J. Doerger sold 12,904 shares of eBay 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 completion of the transaction, the vice president now owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,712 shares of company stock valued at $2,877,612. Insiders own 6.78% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake in shares of eBay by 27.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock valued at $128,003,000 after buying an additional 829,988 shares during the period. USA Financial Portformulas Corp bought a new stake in shares of eBay during the fourth quarter valued at about $5,303,000. Pinnacle Financial Partners Inc. bought a new stake in shares of eBay during the first quarter valued at about $215,000. River & Mercantile Asset Management LLP bought a new stake in shares of eBay during the fourth quarter valued at about $2,738,000. Finally, US Bancorp DE increased its stake in shares of eBay by 2.0% in the first quarter. US Bancorp DE now owns 166,698 shares of the e-commerce company’s stock valued at $5,597,000 after buying an additional 3,237 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.
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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