eBay Inc (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by Benchmark Co. in a report issued on Thursday, October 19th. They presently have a $45.00 price objective on the e-commerce company’s stock. Benchmark Co.’s target price would suggest a potential upside of 20.29% from the company’s previous close.
A number of other brokerages have also recently commented on EBAY. Robert W. Baird reissued an “outperform” rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 price objective on shares of eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company reissued an “outperform” rating and set a $45.00 price objective on shares of eBay in a research report on Tuesday, September 26th. TheStreet cut shares of eBay from a “b-” rating to a “c+” rating in a research report on Friday, July 14th. Finally, BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.45.
eBay (NASDAQ:EBAY) opened at $37.41 on Thursday. The stock has a market cap of $39,080.00, a price-to-earnings ratio of 23.44, a PEG ratio of 2.87 and a beta of 1.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. eBay has a 1-year low of $27.28 and a 1-year high of $39.28.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. eBay had a return on equity of 18.44% and a net margin of 21.71%. eBay’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. research analysts predict that eBay will post 1.65 EPS for the current fiscal year.
eBay declared that its Board of Directors has approved a share repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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In related news, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction dated 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 owns 83,058 shares in the company, valued at $2,907,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stephen Fisher sold 69,406 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares in the company, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. Insiders sold 201,655 shares of company stock worth $7,486,428 in the last 90 days. Corporate insiders own 6.78% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its stake in shares of eBay by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 4,805,511 shares of the e-commerce company’s stock worth $184,823,000 after buying an additional 254,620 shares in the last quarter. Commonwealth Equity Services Inc lifted its stake in shares of eBay by 7.6% in the third quarter. Commonwealth Equity Services Inc now owns 65,759 shares of the e-commerce company’s stock worth $2,529,000 after buying an additional 4,658 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of eBay by 5.5% in the third quarter. Advisors Asset Management Inc. now owns 353,419 shares of the e-commerce company’s stock worth $13,592,000 after buying an additional 18,331 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of eBay in the third quarter worth approximately $631,000. Finally, Oak Associates Ltd. OH lifted its stake in shares of eBay by 2.0% in the third quarter. Oak Associates Ltd. OH now owns 567,160 shares of the e-commerce company’s stock worth $21,813,000 after buying an additional 11,000 shares in the last quarter. 87.29% of the stock is currently owned by institutional investors and hedge funds.
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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