eBay Inc. (NASDAQ:EBAY) has been assigned a $34.00 target price by Morgan Stanley in a research note issued on Thursday, October 19th. The brokerage presently has a “sell” rating on the e-commerce company’s stock. Morgan Stanley’s target price would suggest a potential downside of 9.12% 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 announced that its board has approved a stock repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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In related 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 transaction 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 the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 83,058 shares in the company, valued at $2,907,030. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,655 shares of company stock valued at $7,486,428. 6.78% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in EBAY. The Manufacturers Life Insurance Company boosted its stake in eBay by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock valued at $183,717,000 after acquiring an additional 668,503 shares during the last quarter. Colony Group LLC purchased a new position in eBay in the second quarter valued at about $213,000. Synovus Financial Corp boosted its stake in eBay by 164.4% in the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after acquiring an additional 37,237 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in eBay by 19.1% in the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after acquiring an additional 515,634 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in eBay by 113.9% in the second quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock valued at $2,238,000 after acquiring an additional 34,134 shares during the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.
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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