eBay Inc. (EBAY) Receives “Buy” Rating from Aegis
eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating reissued by analysts at Aegis in a research report issued to clients and investors on Tuesday. They currently have a $44.00 price objective on the e-commerce company’s stock, up from their prior price objective of $42.00. Aegis’ target price indicates a potential upside of 14.61% from the company’s previous close.
A number of other equities analysts also recently commented on the company. DA Davidson began coverage on eBay in a report on Wednesday, September 13th. They set a “buy” rating and a $45.00 target price for the company. BMO Capital Markets restated a “hold” rating on shares of eBay in a report on Wednesday, September 13th. Canaccord Genuity restated a “hold” rating and set a $34.00 target price on shares of eBay in a report on Wednesday, September 6th. Robert W. Baird restated an “outperform” rating and set a $38.00 target price on shares of eBay in a report on Sunday, August 20th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of eBay in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have given a buy rating to the stock. eBay presently has an average rating of “Hold” and an average price target of $37.30.
Shares of eBay (NASDAQ:EBAY) opened at 38.39 on Tuesday. The firm has a market cap of $41.09 billion, a P/E ratio of 5.76 and a beta of 1.34. The stock’s 50 day moving average is $36.08 and its 200 day moving average is $34.81. eBay has a 12 month low of $27.28 and a 12 month high of $38.87. eBay also was the recipient of some unusual options trading on Monday. Investors acquired 4,033 call options on the stock. This represents an increase of approximately 484% compared to the average daily volume of 690 call options.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities research analysts expect that eBay will post $2.00 EPS for the current year.
eBay announced that its board has initiated a stock repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the sale, the vice president now owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock valued at $3,439,297 in the last quarter. 6.78% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in EBAY. Captrust Financial Advisors purchased a new stake in shares of eBay during the second quarter worth about $108,000. BB&T Investment Services Inc. purchased a new stake in shares of eBay during the second quarter worth about $119,000. Westside Investment Management Inc. grew its position in shares of eBay by 284.0% during the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after purchasing an additional 2,638 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of eBay during the second quarter worth about $123,000. Finally, FNY Partners Fund LP grew its position in shares of eBay by 660.0% during the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
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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