Stock analysts at Evercore ISI initiated coverage on shares of eBay (NASDAQ:EBAY) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a $36.00 price target on the e-commerce company’s stock. Evercore ISI’s target price would indicate a potential downside of 2.20% from the stock’s previous close. The analysts noted that the move was a valuation call.

EBAY has been the topic of a number of other research reports. Guggenheim began coverage on shares of eBay in a report on Friday, October 20th. They issued a “neutral” rating on the stock. Benchmark reissued a “buy” rating and issued a $45.00 price target on shares of eBay in a report on Thursday, October 19th. SunTrust Banks assumed coverage on shares of eBay in a report on Tuesday, August 15th. They issued a “hold” rating and a $38.00 price target on the stock. Morgan Stanley set a $34.00 target price on shares of eBay and gave the company a “sell” rating in a report on Thursday, October 19th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.51.

Shares of eBay (NASDAQ:EBAY) traded up $1.11 during trading hours on Tuesday, hitting $36.81. 19,264,541 shares of the stock were exchanged, compared to its average volume of 8,959,654. The company has a market cap of $36,768.90, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.33. eBay has a 1 year low of $28.03 and a 1 year high of $39.28. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. research analysts forecast that eBay will post 1.65 earnings per share for the current fiscal year.

In other news, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the sale, the director now directly owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the completion of the sale, the vice president now directly owns 16,732 shares of the company’s stock, valued at $602,184.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,242 shares of company stock valued at $7,780,047. Corporate insiders own 6.78% of the company’s stock.

Large investors have recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in shares of eBay in the 2nd quarter worth about $108,000. Valeo Financial Advisors LLC bought a new position in shares of eBay in the 3rd quarter worth about $122,000. BB&T Investment Services Inc. bought a new position in shares of eBay in the 2nd quarter worth about $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of eBay in the 2nd quarter worth about $123,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of eBay in the 3rd quarter worth about $139,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for eBay (NASDAQ:EBAY)

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