eBay Inc (NASDAQ:EBAY)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a research report issued on Monday, April 17th. They currently have a $36.00 price objective on the e-commerce company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 6.41% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald lifted their target price on eBay to $31.00 in a research report on Thursday, January 26th. Benchmark Co. lifted their target price on eBay to $39.00 in a research report on Thursday, January 26th. Goldman Sachs Group Inc lifted their target price on eBay from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 26th. Aegis started coverage on eBay in a research report on Tuesday, January 3rd. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Citigroup Inc lifted their target price on eBay from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.16.
eBay (NASDAQ:EBAY) opened at 33.83 on Monday. The stock has a 50 day moving average price of $33.65 and a 200-day moving average price of $31.70. eBay has a one year low of $22.30 and a one year high of $34.87. The firm has a market cap of $36.62 billion, a P/E ratio of 4.87 and a beta of 1.31.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. eBay’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Analysts predict that eBay will post $2.01 EPS for the current fiscal year.
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In related news, VP Brian J. Doerger sold 2,903 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $34.11, for a total transaction of $99,021.33. Following the sale, the vice president now owns 30,701 shares in the company, valued at approximately $1,047,211.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $32.35, for a total value of $1,067,808.80. Following the sale, the senior vice president now owns 109,468 shares in the company, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. Insiders sold a total of 65,416 shares of company stock worth $2,160,633 in the last quarter. Corporate insiders own 7.40% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Sanders Capital LLC raised its stake in shares of eBay by 2.9% in the first quarter. Sanders Capital LLC now owns 2,746,100 shares of the e-commerce company’s stock valued at $95,043,000 after buying an additional 76,400 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in shares of eBay by 0.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 99,580 shares of the e-commerce company’s stock valued at $3,343,000 after buying an additional 510 shares during the last quarter. Green Square Capital LLC acquired a new stake in shares of eBay during the first quarter valued at approximately $205,000. FNY Partners Fund LP raised its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of eBay by 14.5% in the first quarter. Janus Capital Management LLC now owns 1,288,991 shares of the e-commerce company’s stock valued at $43,272,000 after buying an additional 163,155 shares during the last quarter. Institutional investors own 85.86% of the company’s stock.
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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