eBay Inc. (EBAY) Given a $38.00 Price Target at J P Morgan Chase & Co
eBay Inc. (NASDAQ:EBAY) has been given a $38.00 price target by equities researchers at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the e-commerce company’s stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 2.21% from the stock’s current price.
A number of other equities research analysts also recently issued reports on EBAY. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 price objective on shares of eBay in a research report on Monday, March 27th. Barclays PLC started coverage on eBay in a research report on Tuesday, March 28th. They issued an “overweight” rating and a $41.00 price objective on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $30.00 price objective on shares of eBay in a research report on Monday, April 10th. Robert W. Baird reiterated an “outperform” rating and issued a $38.00 price objective on shares of eBay in a research report on Monday, April 10th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $35.00 price objective on shares of eBay in a research report on Tuesday, April 11th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.43.
eBay (EBAY) traded down 1.91% during trading on Friday, hitting $36.47. The stock had a trading volume of 18,218,788 shares. The company has a 50-day moving average of $35.28 and a 200-day moving average of $33.60. eBay has a 52 week low of $27.28 and a 52 week high of $37.48. The stock has a market capitalization of $39.47 billion, a P/E ratio of 5.25 and a beta of 1.36. eBay also saw unusually large options trading on Wednesday. Stock investors purchased 2,194 put options on the company. This represents an increase of approximately 231% compared to the average volume of 663 put options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 20.44% and a net margin of 86.31%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that eBay will post $2.01 earnings per share for the current fiscal year.
eBay declared that its board has approved a stock buyback program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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In other news, VP Brian J. Doerger sold 12,904 shares of eBay stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $33.57, for a total value of $433,187.28. Following the transaction, the vice president now owns 33,604 shares in the company, valued at $1,128,086.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 33,008 shares of eBay stock in a transaction dated 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 disclosure for this sale can be found here. In the last quarter, insiders sold 85,712 shares of company stock worth $2,877,612. Company insiders own 6.78% of the company’s stock.
Several hedge funds have recently bought and sold shares of EBAY. Westside Investment Management Inc. boosted its stake in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP boosted its stake in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC boosted its stake in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares during the last quarter. 85.02% 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 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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