eBay’s (EBAY) Underperform Rating Reaffirmed at Mizuho

Mizuho restated their underperform rating on shares of eBay (NASDAQ:EBAY) in a research report released on Wednesday, The Fly reports. They currently have a $30.00 price target on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Monness Crespi & Hardt reduced their price objective on shares of eBay from $48.00 to $44.00 and set a buy rating on the stock in a research note on Thursday, July 19th. BMO Capital Markets dropped their target price on shares of eBay from $55.00 to $53.00 and set an outperform rating on the stock in a report on Friday, July 20th. DA Davidson dropped their target price on shares of eBay to $50.00 and set a buy rating on the stock in a report on Thursday, July 19th. They noted that the move was a valuation call. Credit Suisse Group dropped their target price on shares of eBay from $58.00 to $52.00 and set an outperform rating on the stock in a report on Monday, October 29th. Finally, Robert W. Baird restated a buy rating and issued a $41.00 target price on shares of eBay in a report on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $40.97.

Shares of eBay stock opened at $29.87 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 2.37 and a debt-to-equity ratio of 1.11. eBay has a twelve month low of $26.36 and a twelve month high of $46.99. The firm has a market capitalization of $28.76 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. eBay had a negative net margin of 7.93% and a positive return on equity of 23.65%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. eBay’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that eBay will post 1.84 earnings per share for the current fiscal year.

In related news, SVP Jae Hyun Lee sold 26,204 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $35.08, for a total value of $919,236.32. Following the sale, the senior vice president now owns 128,457 shares in the company, valued at approximately $4,506,271.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kristin A. Yetto sold 25,240 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $33.99, for a total transaction of $857,907.60. Following the completion of the sale, the senior vice president now directly owns 83,876 shares of the company’s stock, valued at $2,850,945.24. The disclosure for this sale can be found here. Insiders sold a total of 103,994 shares of company stock worth $3,571,245 in the last 90 days. 6.78% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of EBAY. CSat Investment Advisory L.P. bought a new stake in eBay in the 2nd quarter worth about $106,000. Valeo Financial Advisors LLC bought a new stake in eBay in the 2nd quarter worth about $107,000. NEXT Financial Group Inc bought a new stake in eBay in the 3rd quarter worth about $130,000. Stratos Wealth Partners LTD. bought a new stake in eBay in the 3rd quarter worth about $144,000. Finally, JNBA Financial Advisors grew its position in eBay by 567.5% in the 3rd quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after purchasing an additional 3,836 shares in the last quarter. 84.50% of the stock is owned by institutional investors and hedge funds.

About eBay

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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