BMO Capital Markets reaffirmed their market perform rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report sent to investors on Saturday, July 22nd. BMO Capital Markets currently has a $36.00 target price on the e-commerce company’s stock.
Several other equities research analysts have also recently weighed in on EBAY. Barclays PLC started coverage on eBay in a research note on Tuesday, March 28th. They issued an overweight rating and a $41.00 price target for the company. Piper Jaffray Companies reaffirmed a hold rating and set a $30.00 target price on shares of eBay in a research note on Monday, April 10th. Robert W. Baird restated an outperform rating and issued a $38.00 target price on shares of eBay in a report on Monday, April 10th. SunTrust Banks, Inc. reaffirmed a hold rating and set a $35.00 price target on shares of eBay in a research report on Tuesday, April 11th. Finally, Maxim Group reissued a buy rating and issued a $36.00 target price on shares of eBay in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $37.05.
Shares of eBay (EBAY) traded down 0.20% during trading on Friday, reaching $34.78. The company’s stock had a trading volume of 8,747,216 shares. The firm has a market cap of $37.23 billion, a PE ratio of 5.22 and a beta of 1.36. The company’s 50 day moving average price is $35.77 and its 200 day moving average price is $34.33. 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 Wednesday. Stock investors acquired 2,194 put options on the stock. This is an increase of approximately 231% compared to the average daily volume of 663 put options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts predict that eBay will post $2.00 earnings per share for the current year.
eBay announced that its Board of Directors has approved a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are 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 value 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the director now directly owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock valued at $3,376,547 in the last quarter. Company insiders own 6.78% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in eBay during the second quarter worth approximately $108,000. BB&T Investment Services Inc. purchased a new position in eBay during the second quarter worth approximately $119,000. Westside Investment Management Inc. boosted its position in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in eBay during the second quarter worth approximately $123,000. Finally, FNY Partners Fund LP boosted its position in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. 85.71% of the stock is currently owned by hedge funds and other institutional investors.
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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