KeyCorp reiterated their overweight rating on shares of eBay (NASDAQ:EBAY) in a research report released on Wednesday morning, MarketBeat.com reports. The firm currently has a $50.00 target price on the e-commerce company’s stock. KeyCorp also issued estimates for eBay’s Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $1.87 EPS.
A number of other research analysts also recently issued reports on EBAY. Aegis restated a buy rating and issued a $45.00 price objective on shares of eBay in a research note on Friday, December 22nd. Robert W. Baird upped their price objective on eBay from $38.00 to $44.00 and gave the company an outperform rating in a research note on Tuesday, January 9th. UBS set a $44.00 price objective on eBay and gave the company a buy rating in a research note on Thursday, January 11th. SunTrust Banks raised eBay from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Friday, January 12th. Finally, Morgan Stanley set a $36.00 price target on eBay and gave the company a sell rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. eBay has an average rating of Buy and a consensus target price of $43.77.
Shares of NASDAQ:EBAY opened at $39.90 on Wednesday. The firm has a market capitalization of $40,278.65, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay has a 1 year low of $31.89 and a 1 year high of $46.99.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. equities analysts forecast that eBay will post 1.85 EPS for the current fiscal year.
eBay declared that its Board of Directors has initiated a share buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, SVP Joo Man Park sold 4,924 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total value of $210,107.08. Following the completion of the transaction, the senior vice president now owns 55,340 shares in the company, valued at approximately $2,361,357.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jae Hyun Lee sold 25,613 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $43.21, for a total value of $1,106,737.73. The disclosure for this sale can be found here. Insiders sold a total of 393,202 shares of company stock valued at $16,971,727 in the last 90 days. 6.78% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can grew its position in eBay by 28.4% during the 4th quarter. Bank of Montreal Can now owns 1,384,522 shares of the e-commerce company’s stock worth $52,252,000 after purchasing an additional 306,604 shares during the period. Scotia Capital Inc. grew its position in eBay by 246.9% during the 4th quarter. Scotia Capital Inc. now owns 28,993 shares of the e-commerce company’s stock worth $1,094,000 after purchasing an additional 20,636 shares during the period. BKD Wealth Advisors LLC grew its position in eBay by 11.7% during the 4th quarter. BKD Wealth Advisors LLC now owns 15,088 shares of the e-commerce company’s stock worth $569,000 after purchasing an additional 1,583 shares during the period. Vident Investment Advisory LLC acquired a new stake in eBay during the 3rd quarter worth about $581,000. Finally, Midas Management Corp acquired a new stake in eBay during the 4th quarter worth about $2,642,000. 88.86% of the stock is currently owned by institutional investors.
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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