eBay Inc. (NASDAQ:EBAY) – Equities research analysts at SunTrust Banks issued their FY2021 earnings per share (EPS) estimates for eBay in a report issued on Tuesday. SunTrust Banks analyst Y. Squali forecasts that the e-commerce company will post earnings per share of $2.57 for the year. SunTrust Banks currently has a “Hold” rating and a $38.00 target price on the stock.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. WARNING: This piece was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/08/18/brokers-issue-forecasts-for-ebay-inc-s-fy2021-earnings-ebay.html.
A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and raised their price target for the company from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. UBS AG set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.05.
Shares of eBay (NASDAQ EBAY) traded up 0.26% during mid-day trading on Thursday, hitting $34.94. 5,005,193 shares of the stock traded hands. eBay has a one year low of $27.28 and a one year high of $37.48. The company’s 50 day moving average is $35.76 and its 200 day moving average is $34.32. The firm has a market capitalization of $37.40 billion, a P/E ratio of 5.24 and a beta of 1.36. eBay also was the recipient of unusually large options trading activity on Wednesday. Investors purchased 2,194 put options on the company. This represents an increase of 231% compared to the typical daily volume of 663 put options.
eBay declared that its board has initiated a share buyback program on Thursday, July 20th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of eBay stock in a transaction on Monday, August 14th. The shares were sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the transaction, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of eBay 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 transaction, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock worth $3,376,547 over the last ninety days. Insiders own 6.78% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. U S Global Investors Inc. purchased a new position in eBay during the second quarter worth about $2,127,000. Tandem Investment Advisors Inc. increased its position in eBay by 16.1% in the second quarter. Tandem Investment Advisors Inc. now owns 10,013 shares of the e-commerce company’s stock worth $350,000 after buying an additional 1,385 shares in the last quarter. GWM Advisors LLC purchased a new position in eBay during the second quarter worth about $157,000. Colony Group LLC purchased a new position in eBay during the second quarter worth about $213,000. Finally, Koch Industries Inc. increased its position in eBay by 7,308.3% in the second quarter. Koch Industries Inc. now owns 1,283,565 shares of the e-commerce company’s stock worth $1,248,000 after buying an additional 1,266,239 shares in the last quarter. 85.71% 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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