SunTrust Banks Comments on eBay Inc.’s FY2021 Earnings (EBAY)
eBay Inc. (NASDAQ:EBAY) – Research analysts at SunTrust Banks issued their FY2021 earnings per share (EPS) estimates for eBay in a research note issued on Tuesday. SunTrust Banks analyst Y. Squali expects that the e-commerce company will post earnings of $2.57 per share for the year. SunTrust Banks has a “Hold” rating and a $38.00 price objective on the stock.
A number of other research firms have also recently weighed in on EBAY. Citigroup Inc. reiterated a “buy” rating and set a $43.00 price target (up from $42.00) on shares of eBay in a report on Friday, July 21st. UBS AG set a $40.00 price target on eBay and gave the stock a “buy” rating in a report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and set a $42.00 price target (up from $41.00) on shares of eBay in a report on Friday, July 21st. J P Morgan Chase & Co set a $38.00 price target on eBay and gave the stock a “neutral” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus set a $36.00 price target on eBay and gave the stock a “neutral” rating in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.05.
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eBay (NASDAQ EBAY) traded down 1.07% on Thursday, reaching $34.98. 4,212,340 shares of the company’s stock traded hands. eBay has a 52 week low of $27.28 and a 52 week high of $37.48. The stock has a market capitalization of $37.44 billion, a price-to-earnings ratio of 5.25 and a beta of 1.36. The firm has a 50-day moving average price of $35.77 and a 200-day moving average price of $34.31. eBay also was the target of unusually large options trading on Wednesday. Stock traders acquired 2,194 put options on the company. This represents an increase of 231% compared to the typical volume of 663 put options.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share.
eBay declared that its Board of Directors has authorized a stock repurchase plan 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 purchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
In other eBay news, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the transaction, the vice president now directly owns 24,001 shares in the company, valued at approximately $877,476.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the transaction, the director now owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Insiders sold a total of 95,238 shares of company stock worth $3,376,547 over the last quarter. Company insiders own 6.78% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in EBAY. First Manhattan Co. increased its position in shares of eBay by 1.9% in the first quarter. First Manhattan Co. now owns 317,528 shares of the e-commerce company’s stock valued at $10,446,000 after buying an additional 5,915 shares during the period. Waldron LP bought a new position in shares of eBay during the first quarter valued at $210,000. Mn Services Vermogensbeheer B.V. increased its position in shares of eBay by 1.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 28,323 shares of the e-commerce company’s stock valued at $889,000 after buying an additional 365 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of eBay by 18.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 110,416 shares of the e-commerce company’s stock valued at $3,707,000 after buying an additional 17,049 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its position in shares of eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares during the period. Institutional investors own 85.71% 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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