eBay Inc. (EBAY) Given a $40.00 Price Target by Atlantic Securities Analysts
eBay Inc. (NASDAQ:EBAY) received a $40.00 price objective from analysts at Atlantic Securities in a research note issued on Thursday. The firm currently has a “neutral” rating on the e-commerce company’s stock. Atlantic Securities’ target price indicates a potential upside of 6.35% from the stock’s current price.
Several other equities analysts also recently commented on EBAY. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price objective on shares of eBay in a research note on Wednesday. Macquarie set a $40.00 price objective on eBay and gave the company a “neutral” rating in a research note on Wednesday. KeyCorp reiterated a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. Morgan Stanley set a $34.00 price objective on eBay and gave the company a “sell” rating in a research note on Thursday. Finally, Jefferies Group LLC set a $38.00 price objective on eBay and gave the company a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.22.
Shares of eBay (EBAY) traded up 0.86% during trading on Thursday, hitting $37.61. The stock had a trading volume of 15,106,178 shares. The company’s 50 day moving average price is $38.08 and its 200 day moving average price is $35.62. The company has a market capitalization of $39.29 billion, a price-to-earnings ratio of 5.60 and a beta of 1.36. eBay has a 52 week low of $27.28 and a 52 week high of $39.28.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. eBay’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts predict that eBay will post $2.00 earnings per share for the current year.
eBay announced that its Board of Directors has approved a stock buyback program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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In other eBay news, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock valued at $3,439,297 over the last 90 days. 6.78% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in eBay by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after buying an additional 668,503 shares during the period. Synovus Financial Corp lifted its holdings in eBay by 164.4% in the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after buying an additional 37,237 shares during the period. Virtu KCG Holdings LLC lifted its holdings in eBay by 113.9% in the second quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock worth $2,238,000 after buying an additional 34,134 shares during the period. Colony Group LLC purchased a new stake in eBay in the second quarter worth about $213,000. Finally, Dupont Capital Management Corp purchased a new stake in eBay in the second quarter worth about $167,000. Institutional investors and hedge funds own 84.85% 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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