eBay Inc. (NASDAQ:EBAY)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a research report issued on Thursday, July 13th. They currently have a $38.00 price target on the e-commerce company’s stock. Robert W. Baird’s target price points to a potential upside of 4.51% from the stock’s current price.
EBAY has been the topic of several other research reports. Maxim Group reiterated a “buy” rating and set a $36.00 target price on shares of eBay in a report on Wednesday, April 12th. Royal Bank Of Canada reissued a “hold” rating and set a $34.00 price target on shares of eBay in a research report on Thursday, April 13th. Stifel Nicolaus reissued a “hold” rating and set a $35.00 price target on shares of eBay in a research report on Friday, April 14th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $36.00 price target on shares of eBay in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $36.00 price target on shares of eBay in a research report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $36.97.
Shares of eBay (NASDAQ EBAY) opened at 36.36 on Thursday. The firm has a market cap of $38.92 billion, a P/E ratio of 5.45 and a beta of 1.36. The firm has a 50-day moving average price of $35.51 and a 200-day moving average price of $33.97. eBay has a 12-month low of $27.28 and a 12-month high of $37.48. eBay also saw some unusual options trading on Monday. Stock investors bought 4,033 call options on the company. This represents an increase of 484% compared to the typical daily volume of 690 call options.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. eBay’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that eBay will post $2.00 earnings per share for the current fiscal year.
eBay announced that its board has authorized a stock repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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In other eBay news, Director Kathleen C. Mitic sold 11,897 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total value of $402,594.48. Following the completion of the sale, the director now directly owns 20,162 shares of the company’s stock, valued at $682,282.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 11,956 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the transaction, the senior vice president now directly 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 sold 75,206 shares of company stock valued at $2,659,043 over the last three months. 6.78% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of EBAY. Marble Harbor Investment Counsel LLC increased its position in shares of eBay by 1.0% in 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. Principal Financial Group Inc. increased its position in shares of eBay by 31.6% in the second quarter. Principal Financial Group Inc. now owns 2,242,738 shares of the e-commerce company’s stock valued at $78,316,000 after buying an additional 539,131 shares during the period. OMERS ADMINISTRATION Corp increased its position in shares of eBay by 7.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 18,700 shares of the e-commerce company’s stock valued at $653,000 after buying an additional 1,300 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of eBay by 4.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,228 shares of the e-commerce company’s stock valued at $1,160,000 after buying an additional 1,370 shares during the period. Finally, Buckingham Asset Management LLC increased its position in shares of eBay by 3.8% in the second quarter. Buckingham Asset Management LLC now owns 7,262 shares of the e-commerce company’s stock valued at $254,000 after buying an additional 265 shares during the period. 86.48% of the stock is owned by hedge funds and other institutional investors.
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.
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