eBay Inc. (EBAY) PT Set at $34.00 by Piper Jaffray Companies
eBay Inc. (NASDAQ:EBAY) received a $34.00 target price from stock analysts at Piper Jaffray Companies in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the e-commerce company’s stock. Piper Jaffray Companies’ price objective suggests a potential downside of 10.74% from the stock’s previous close.
Several other equities research analysts also recently weighed in on EBAY. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Mizuho reaffirmed an “underperform” rating and set a $34.00 target price on shares of eBay in a report on Monday, August 7th. SunTrust Banks, Inc. began coverage on eBay in a report on Tuesday, August 15th. They set a “hold” rating and a $38.00 target price on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a report on Friday, August 18th. Finally, Stifel Nicolaus set a $36.00 target price on eBay and gave the stock a “neutral” rating in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.75.
Shares of eBay (NASDAQ EBAY) traded down 0.57% during trading on Wednesday, hitting $38.09. The stock had a trading volume of 10,045,740 shares. The stock has a 50 day moving average price of $37.65 and a 200-day moving average price of $35.44. The stock has a market capitalization of $40.77 billion, a price-to-earnings ratio of 5.71 and a beta of 1.36. eBay has a one year low of $27.28 and a one year high of $39.28.
eBay (NASDAQ:EBAY) last released 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. eBay had a return on equity of 17.50% and a net margin of 80.93%. 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 EPS. eBay’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that eBay will post $2.00 earnings per share for the current year.
eBay declared that its board has authorized 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 buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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In other news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the transaction, the director now owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 10,450 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,238 shares of company stock worth $3,439,297. Insiders own 6.78% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EBAY. Waldron LP bought a new position in shares of eBay in the first quarter worth $210,000. Victory Capital Management Inc. increased its stake in eBay by 19.6% in the first quarter. Victory Capital Management Inc. now owns 49,895 shares of the e-commerce company’s stock valued at $1,675,000 after acquiring an additional 8,177 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in eBay in the first quarter valued at $290,000. Tredje AP fonden increased its stake in eBay by 1.3% in the first quarter. Tredje AP fonden now owns 224,165 shares of the e-commerce company’s stock valued at $7,525,000 after acquiring an additional 2,834 shares during the last quarter. Finally, Bodenholm Capital AB bought a new position in eBay in the first quarter valued at $19,976,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
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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