eBay (EBAY) Raised to “Hold” at ValuEngine

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ValuEngine upgraded shares of eBay (NASDAQ:EBAY) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Other equities analysts have also issued research reports about the company. TheStreet lowered eBay from a b- rating to a c+ rating in a research report on Wednesday, October 24th. Piper Jaffray Companies decreased their price target on eBay from $40.00 to $32.00 and set a neutral rating for the company in a research report on Wednesday, October 31st. Royal Bank of Canada decreased their price target on eBay from $34.00 to $31.00 and set a sector perform rating for the company in a research report on Wednesday, October 31st. Guggenheim reiterated a hold rating on shares of eBay in a research report on Tuesday, October 30th. Finally, Mizuho reiterated an underperform rating and issued a $30.00 price target on shares of eBay in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, twenty have issued a hold rating and fourteen have given a buy rating to the company. eBay currently has an average rating of Hold and a consensus target price of $40.38.

NASDAQ:EBAY opened at $28.91 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74. eBay has a 1-year low of $26.36 and a 1-year high of $46.99. The firm has a market capitalization of $27.84 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.58 and a beta of 1.36.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company posted $0.48 EPS. eBay’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts expect that eBay will post 1.84 EPS for the current fiscal year.

In other news, VP Brian J. Doerger sold 3,526 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total transaction of $99,468.46. Following the completion of the sale, the vice president now directly owns 37,664 shares of the company’s stock, valued at approximately $1,062,501.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre M. Omidyar sold 36,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $28.82, for a total value of $1,037,520.00. Following the sale, the director now directly owns 45,364,858 shares of the company’s stock, valued at $1,307,415,207.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,461 shares of company stock valued at $2,643,165. Company insiders own 6.22% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Madison Investment Holdings Inc. raised its stake in shares of eBay by 73.1% during the 2nd quarter. Madison Investment Holdings Inc. now owns 25,883 shares of the e-commerce company’s stock worth $939,000 after purchasing an additional 10,930 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of eBay by 20.1% during the 3rd quarter. Penserra Capital Management LLC now owns 444,912 shares of the e-commerce company’s stock worth $14,689,000 after purchasing an additional 74,606 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of eBay during the 2nd quarter worth about $25,359,000. Todd Asset Management LLC purchased a new stake in shares of eBay during the 3rd quarter worth about $13,938,000. Finally, Banco de Sabadell S.A raised its stake in shares of eBay by 150.0% during the 2nd quarter. Banco de Sabadell S.A now owns 5,000 shares of the e-commerce company’s stock worth $181,000 after purchasing an additional 3,000 shares in the last quarter. 83.48% of the stock is owned by institutional investors.

About eBay

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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