A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of eBay from $31.00 to $35.00 and gave the stock a hold rating in a research report on Thursday, January 26th. Vetr upgraded shares of eBay from a buy rating to a strong-buy rating and set a $38.08 price objective for the company in a research report on Monday, March 6th. Aegis reiterated a buy rating on shares of eBay in a research report on Wednesday, March 15th. Barclays PLC initiated coverage on shares of eBay in a research report on Tuesday, March 28th. They set an overweight rating and a $41.00 price objective for the company. Finally, Monness Crespi & Hardt reiterated a buy rating and set a $35.00 price objective on shares of eBay in a research report on Saturday, January 28th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $34.90.
Shares of eBay (NASDAQ:EBAY) traded down 1.522% on Thursday, reaching $32.035. 10,287,732 shares of the company’s stock were exchanged. eBay has a 12 month low of $22.30 and a 12 month high of $34.74. The firm’s 50-day moving average price is $33.61 and its 200 day moving average price is $31.29. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 5.042 and a beta of 1.31. eBay also was the target of unusually large options trading activity on Thursday. Stock traders purchased 32,552 put options on the company. This represents an increase of 505% compared to the average daily volume of 5,383 put options.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The business earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. eBay had a net margin of 80.92% and a return on equity of 24.13%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Equities research analysts predict that eBay will post $2.01 EPS for the current fiscal year.
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In related news, SVP Stephen Fisher sold 16,601 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $33.77, for a total transaction of $560,615.77. Following the completion of the sale, the senior vice president now owns 97,023 shares in the company, valued at $3,276,466.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Holmes Swan sold 200,608 shares of the firm’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $32.00, for a total transaction of $6,419,456.00. Following the sale, the director now owns 436,473 shares of the company’s stock, valued at approximately $13,967,136. The disclosure for this sale can be found here. Insiders have sold 313,020 shares of company stock worth $10,153,302 over the last three months. 7.40% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of EBAY. CENTRAL TRUST Co increased its stake in eBay by 4.4% in the third quarter. CENTRAL TRUST Co now owns 8,493 shares of the e-commerce company’s stock worth $279,000 after buying an additional 361 shares during the period. Berkshire Asset Management LLC PA increased its stake in eBay by 18.7% in the third quarter. Berkshire Asset Management LLC PA now owns 19,147 shares of the e-commerce company’s stock worth $630,000 after buying an additional 3,015 shares during the period. Hartford Financial Management Inc. increased its stake in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock worth $117,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC increased its stake in eBay by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 5,692 shares of the e-commerce company’s stock worth $181,000 after buying an additional 96 shares during the period. Finally, Cubic Asset Management LLC bought a new stake in eBay during the third quarter worth about $229,000. Institutional investors and hedge funds own 85.86% 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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