eBay Inc. (EBAY) Rating Reiterated by BMO Capital Markets
eBay Inc. (NASDAQ:EBAY)‘s stock had its “market perform” rating reiterated by stock analysts at BMO Capital Markets in a report released on Saturday. They currently have a $36.00 target price on the e-commerce company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 1.67% from the stock’s previous close.
EBAY has been the topic of several other research reports. Maxim Group reaffirmed a “buy” rating and set a $36.00 target price on shares of eBay in a research note on Wednesday, April 12th. Benchmark Co. lifted their target price on eBay from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $34.00 target price on shares of eBay in a research note on Thursday, April 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 target price on shares of eBay in a research note on Friday, April 14th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $36.00 target price on shares of eBay in a research note on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. eBay presently has an average rating of “Hold” and a consensus target price of $36.55.
eBay (NASDAQ EBAY) traded down 1.53% during midday trading on Friday, hitting $36.61. 22,222,085 shares of the company traded hands. eBay has a 12-month low of $27.28 and a 12-month high of $37.48. The company has a market cap of $39.62 billion, a PE ratio of 5.27 and a beta of 1.36. The stock has a 50 day moving average price of $35.28 and a 200-day moving average price of $33.60. eBay also was the recipient of unusually large options trading on Wednesday. Traders purchased 2,194 put options on the stock. This represents an increase of approximately 231% compared to the typical daily volume of 663 put options.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 18.32% and a net margin of 80.93%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that eBay will post $2.01 EPS for the current year.
eBay announced that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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In related news, VP Brian J. Doerger sold 12,904 shares of the firm’s 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 is available through this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were 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. Insiders have sold 85,712 shares of company stock worth $2,877,612 in the last 90 days. Company insiders own 6.78% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA boosted its position in eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock valued at $459,000 after buying an additional 111 shares in the last quarter. National Pension Service boosted its position in eBay by 0.3% in the first quarter. National Pension Service now owns 839,853 shares of the e-commerce company’s stock valued at $28,303,000 after buying an additional 2,221 shares in the last quarter. Quadrant Capital Group LLC boosted its position in eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock valued at $189,000 after buying an additional 187 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock valued at $11,372,000 after buying an additional 4,400 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock valued at $945,000 after buying an additional 2,090 shares in the last quarter. Institutional investors and hedge funds own 85.02% 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.
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