Several other research firms have also commented on EBAY. Aegis reissued a buy rating and issued a $44.00 target price (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. Robert W. Baird reissued a buy rating and issued a $38.00 target price on shares of eBay in a report on Monday. Piper Jaffray Companies set a $34.00 target price on eBay and gave the company a hold rating in a report on Wednesday, October 11th. KeyCorp reissued a hold rating on shares of eBay in a report on Wednesday, October 11th. Finally, DA Davidson assumed coverage on eBay in a report on Wednesday, September 13th. They issued a buy rating and a $45.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $38.22.
Shares of eBay (EBAY) traded up 0.86% on Thursday, reaching $37.61. The company had a trading volume of 15,105,890 shares. eBay has a 12 month low of $27.28 and a 12 month high of $39.28. The firm’s 50 day moving average is $38.08 and its 200 day moving average is $35.62. The firm has a market capitalization of $40.25 billion, a PE ratio of 5.64 and a beta of 1.36.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a return on equity of 15.72% and a net margin of 80.45%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that eBay will post $2.00 earnings per share for the current fiscal year.
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eBay announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
In other news, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total transaction of $467,090.00. Following the completion of the sale, the senior vice president now directly owns 45,488 shares of the company’s stock, valued at approximately $1,634,383.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the sale, the vice president now directly owns 24,001 shares of the company’s stock, 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 valued at $3,439,297 over the last three months. Corporate insiders own 6.78% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont grew its stake in shares of eBay by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the period. Westside Investment Management Inc. grew its stake in shares of eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares during the period. Usca Ria LLC grew its stake in shares of eBay by 1.3% during the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after buying an additional 100 shares during the period. CENTRAL TRUST Co grew its stake in shares of eBay by 1.2% during the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after buying an additional 110 shares during the period. Finally, Boston Private Wealth LLC grew its stake in shares of eBay by 0.7% during the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after buying an additional 111 shares during the period. 84.85% of the stock is owned by 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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