Jefferies Group LLC set a $38.00 price objective on eBay Inc. (NASDAQ:EBAY) in a research note released on Thursday, October 19th. The firm currently has a neutral rating on the e-commerce company’s stock. Jefferies Group also issued estimates for eBay’s FY2018 earnings at $1.67 EPS.
A number of other analysts have also weighed in on the stock. Royal Bank Of Canada restated a sector perform rating and issued a $39.00 target price (up previously from $36.00) on shares of eBay in a research report on Thursday, October 19th. Macquarie set a $40.00 price target on shares of eBay and gave the stock a neutral rating in a report on Wednesday, October 18th. BMO Capital Markets reiterated a market perform rating and set a $40.00 price target on shares of eBay in a report on Wednesday, October 18th. Canaccord Genuity lifted their price target on shares of eBay from $34.00 to $35.00 and gave the stock a hold rating in a report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a buy rating and set a $38.00 price target on shares of eBay in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. eBay presently has an average rating of Hold and a consensus price target of $38.45.
Shares of eBay (EBAY) opened at $37.41 on Thursday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. The stock has a market cap of $39,035.62, a P/E ratio of 23.36, a P/E/G ratio of 2.86 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $39.28.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts forecast that eBay will post 1.65 earnings per share for the current fiscal year.
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eBay declared that its Board of Directors has approved a share buyback program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction on 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 owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now directly owns 83,058 shares in the company, valued at approximately $2,907,030. The disclosure for this sale can be found here. Insiders sold a total of 201,655 shares of company stock worth $7,486,428 in the last three months. Insiders own 6.78% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont boosted its stake in shares of eBay by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after purchasing an additional 40 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares in the last quarter. Usca Ria LLC boosted its stake in shares of eBay by 1.3% in the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after purchasing an additional 100 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of eBay by 1.2% in the 2nd quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after purchasing an additional 110 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its stake in shares of eBay by 0.7% in the 2nd quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after purchasing an additional 111 shares in the last quarter. 87.29% of the stock is 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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