eBay Inc. (NASDAQ:EBAY) has been assigned a $37.00 target price by Stifel Nicolaus in a research note issued on Thursday, October 19th. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 1.10% from the stock’s previous close.
Several other brokerages also recently issued reports on EBAY. Robert W. Baird reiterated 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 report on Friday, July 21st. Wells Fargo & Company reissued an “outperform” rating and issued a $45.00 price target on shares of eBay in a report on Tuesday, September 26th. TheStreet cut shares of eBay from a “b-” rating to a “c+” rating in a report on Friday, July 14th. Finally, BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have given a buy rating to the stock. eBay presently has a consensus rating of “Hold” and a consensus target price of $38.45.
eBay (NASDAQ:EBAY) opened at $37.41 on Thursday. eBay has a one year low of $27.28 and a one year high of $39.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market cap of $39,035.62, a PE ratio of 23.36, a PEG ratio of 2.86 and a beta of 1.36.
eBay (NASDAQ:EBAY) last issued its earnings results 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. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the business posted $0.45 EPS. eBay’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that eBay will post 1.65 earnings per share for the current year.
eBay declared that its board has authorized a stock repurchase 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 purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
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In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at $3,812,635.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the transaction, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,655 shares of company stock worth $7,486,428. 6.78% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Waldron LP bought a new stake in eBay during the 1st quarter worth approximately $210,000. Teachers Advisors LLC increased its holdings in eBay by 0.5% during the 1st quarter. Teachers Advisors LLC now owns 2,213,551 shares of the e-commerce company’s stock worth $74,309,000 after acquiring an additional 10,338 shares during the period. Westside Investment Management Inc. increased its holdings in eBay by 284.0% during the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after acquiring an additional 2,638 shares during the period. Stephens Inc. AR increased its holdings in eBay by 9.6% during the 1st quarter. Stephens Inc. AR now owns 97,179 shares of the e-commerce company’s stock worth $3,262,000 after acquiring an additional 8,477 shares during the period. Finally, Crestwood Capital Management L.P. bought a new stake in eBay during the 1st quarter worth approximately $14,488,000. 87.29% of the stock is currently owned by institutional investors.
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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