eBay Inc. (EBAY) Given “Buy” Rating at Aegis

Aegis reissued their buy rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a $44.00 target price on the e-commerce company’s stock, up from their previous target price of $42.00.

Other equities research analysts have also issued research reports about the stock. J P Morgan Chase & Co set a $38.00 target price on shares of eBay and gave the company a neutral rating in a research note on Friday, July 21st. BMO Capital Markets reissued a market perform rating and set a $36.00 price target on shares of eBay in a research report on Saturday, July 22nd. Canaccord Genuity reissued a hold rating and set a $34.00 price target on shares of eBay in a research report on Wednesday, September 6th. Robert W. Baird reissued an outperform rating and set a $38.00 price target on shares of eBay in a research report on Monday, June 12th. Finally, Vetr raised shares of eBay from a hold rating to a buy rating and set a $37.30 price target for the company in a research report on Monday, June 12th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $37.44.

eBay (EBAY) opened at 38.29 on Tuesday. The stock’s 50 day moving average is $36.16 and its 200 day moving average is $34.85. The firm has a market cap of $40.98 billion, a price-to-earnings ratio of 5.74 and a beta of 1.34. eBay has a one year low of $27.28 and a one year high of $38.87.

eBay (NASDAQ:EBAY) last announced its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, analysts predict that eBay will post $2.00 earnings per share for the current fiscal year.

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eBay announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

In related news, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the sale, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the sale, the senior vice president now owns 89,740 shares of the company’s stock, valued at $3,252,177.60. The disclosure for this sale can be found here. Insiders have sold 95,238 shares of company stock valued at $3,439,297 over the last 90 days. 6.78% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. grew its position in eBay by 27.8% during the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock valued at $128,003,000 after buying an additional 829,988 shares during the period. Synovus Financial Corp grew its position in eBay by 164.4% during the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after buying an additional 37,237 shares during the period. Dupont Capital Management Corp bought a new stake in eBay during the second quarter valued at approximately $167,000. ZWJ Investment Counsel Inc. grew its position in eBay by 7.7% during the second quarter. ZWJ Investment Counsel Inc. now owns 12,066 shares of the e-commerce company’s stock valued at $421,000 after buying an additional 858 shares during the period. Finally, Marble Harbor Investment Counsel LLC grew its position in eBay by 1.0% during the second quarter. Marble Harbor Investment Counsel LLC now owns 311,375 shares of the e-commerce company’s stock valued at $10,873,000 after buying an additional 3,000 shares during the period. Institutional investors own 84.83% of the company’s stock.

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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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