eBay (NASDAQ:EBAY) was upgraded by equities research analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.
Several other research firms have also commented on EBAY. UBS Group set a $44.00 target price on shares of eBay and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Co reissued an “outperform” rating and set a $45.00 target price on shares of eBay in a research note on Tuesday, September 26th. Goldman Sachs Group set a $40.00 target price on shares of eBay and gave the company a “buy” rating in a research note on Thursday, October 19th. Stifel Nicolaus set a $37.00 target price on shares of eBay and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. set a $38.00 target price on shares of eBay and gave the company a “neutral” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the stock. eBay currently has an average rating of “Hold” and a consensus target price of $38.82.
Shares of eBay (NASDAQ:EBAY) opened at $37.81 on Friday. The firm has a market cap of $39,500.00, a P/E ratio of 5.58, a PEG ratio of 2.75 and a beta of 1.34. eBay has a one year low of $29.69 and a one year high of $40.13. 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 released its earnings results 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 net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts anticipate that eBay will post 1.65 earnings per share for the current year.
In other news, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the transaction, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares in the company, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new stake in eBay in the 2nd quarter valued at $108,000. Valeo Financial Advisors LLC bought a new stake in eBay in the 3rd quarter valued at $122,000. Physicians Financial Services Inc. boosted its holdings in eBay by 10.0% in the 3rd quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after purchasing an additional 300 shares during the period. Parallel Advisors LLC bought a new stake in eBay in the 4th quarter valued at $100,000. Finally, NEXT Financial Group Inc boosted its holdings in eBay by 39.2% in the 3rd quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock valued at $112,000 after purchasing an additional 960 shares during the period. 85.93% of the stock is owned by institutional investors and hedge funds.
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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.