eBay Inc. (EBAY) Given Consensus Rating of “Hold” by Analysts
Shares of eBay Inc. (NASDAQ:EBAY) have been given an average rating of “Hold” by the forty-two analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $37.28.
Several equities research analysts have recently issued reports on EBAY shares. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. UBS AG set a $40.00 price target on shares of eBay and gave the stock a “buy” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, TheStreet lowered shares of eBay from a “b-” rating to a “c+” rating in a research note on Friday, July 14th.
eBay (NASDAQ:EBAY) traded down 0.58% during trading on Friday, hitting $37.79. The stock had a trading volume of 9,075,887 shares. The firm has a 50 day moving average price of $35.76 and a 200-day moving average price of $34.61. eBay has a 1-year low of $27.28 and a 1-year high of $38.30. The firm has a market capitalization of $40.45 billion, a PE ratio of 5.67 and a beta of 1.34.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.43 EPS. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that eBay will post $2.00 EPS for the current year.
eBay declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
In other news, VP Brian J. Doerger sold 10,450 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the transaction, the vice president now owns 24,001 shares in the company, valued at $877,476.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now owns 83,058 shares in the company, valued at approximately $2,907,030. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,238 shares of company stock worth $2,501,547. Insiders own 6.78% of the company’s stock.
A number of institutional investors have recently modified their holdings of EBAY. Waldron LP bought a new position in eBay during the first quarter valued at approximately $210,000. Wealth Architects LLC bought a new position in eBay during the first quarter valued at approximately $243,000. WealthTrust Fairport LLC lifted its position in eBay by 0.4% during the first quarter. WealthTrust Fairport LLC now owns 136,634 shares of the e-commerce company’s stock valued at $4,587,000 after purchasing an additional 605 shares during the period. Advisors Asset Management Inc. lifted its position in eBay by 16.2% during the first quarter. Advisors Asset Management Inc. now owns 254,446 shares of the e-commerce company’s stock valued at $8,542,000 after purchasing an additional 35,384 shares during the period. Finally, FTB Advisors Inc. lifted its position in eBay by 3.0% during the first quarter. FTB Advisors Inc. now owns 186,492 shares of the e-commerce company’s stock valued at $6,254,000 after purchasing an additional 5,347 shares during the period. Institutional investors own 84.90% 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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