SunTrust Banks Analysts Lift Earnings Estimates for eBay Inc. (EBAY)

eBay Inc. (NASDAQ:EBAY) – Analysts at SunTrust Banks raised their Q4 2017 earnings per share (EPS) estimates for eBay in a research report issued to clients and investors on Friday. SunTrust Banks analyst Y. Squali now forecasts that the e-commerce company will post earnings per share of $0.51 for the quarter, up from their previous forecast of $0.50. SunTrust Banks has a “Buy” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for eBay’s FY2022 earnings at $2.60 EPS.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS.

EBAY has been the topic of several other research reports. Guggenheim assumed coverage on eBay in a report on Friday, October 20th. They issued a “neutral” rating on the stock. Aegis reissued a “buy” rating and set a $45.00 target price on shares of eBay in a research note on Friday, December 22nd. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of eBay in a research note on Thursday, October 19th. Morgan Stanley set a $34.00 target price on eBay and gave the stock a “sell” rating in a research note on Thursday, October 19th. Finally, Canaccord Genuity boosted their target price on eBay from $34.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and nineteen have issued a buy rating to the stock. eBay presently has an average rating of “Hold” and an average target price of $38.88.

Shares of eBay (EBAY) opened at $38.02 on Monday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $39,710.00, a price-to-earnings ratio of 5.62, a P/E/G ratio of 2.64 and a beta of 1.34. eBay has a 1-year low of $29.69 and a 1-year high of $40.13.

A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. Glenview Capital Management LLC raised its stake in eBay by 442.0% during the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock valued at $310,995,000 after acquiring an additional 7,262,862 shares during the last quarter. Harding Loevner LP purchased a new position in shares of eBay during the 2nd quarter worth approximately $128,878,000. Arrowstreet Capital Limited Partnership raised its stake in shares of eBay by 1,077.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock worth $131,973,000 after buying an additional 3,458,300 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of eBay by 134.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock worth $207,826,000 after buying an additional 3,414,163 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its stake in shares of eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after buying an additional 3,406,261 shares in the last quarter. 85.93% of the stock is owned by hedge funds and other institutional investors.

In other eBay news, SVP Raymond J. Pittman sold 31,400 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the completion of the sale, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen Fisher sold 69,406 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the sale, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at $5,420,488.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,242 shares of company stock valued at $6,842,297. Insiders own 6.78% of the company’s stock.

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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.

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