Shares of eBay Inc (NASDAQ:EBAY) have been assigned an average recommendation of “Hold” from the thirty-six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $41.04.
A number of brokerages recently commented on EBAY. Royal Bank of Canada restated a “buy” rating and set a $44.00 target price on shares of eBay in a report on Monday, September 3rd. Robert W. Baird restated a “buy” rating and set a $44.00 target price on shares of eBay in a report on Monday, September 3rd. Wedbush restated a “neutral” rating and set a $36.00 target price on shares of eBay in a report on Thursday, September 13th. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. Finally, BidaskClub cut eBay from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th.
In other news, SVP Jae Hyun Lee sold 33,652 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $29.23, for a total transaction of $983,647.96. Following the sale, the senior vice president now owns 121,459 shares of the company’s stock, valued at approximately $3,550,246.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pierre M. Omidyar sold 36,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $28.82, for a total value of $1,037,520.00. Following the sale, the director now directly owns 45,364,858 shares in the company, valued at approximately $1,307,415,207.56. The disclosure for this sale can be found here. Insiders sold a total of 91,461 shares of company stock worth $2,643,165 in the last ninety days. 6.78% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. CSat Investment Advisory L.P. acquired a new stake in shares of eBay during the 2nd quarter worth about $106,000. Valeo Financial Advisors LLC acquired a new stake in shares of eBay during the 2nd quarter worth about $107,000. NEXT Financial Group Inc acquired a new stake in shares of eBay during the 3rd quarter worth about $130,000. Stratos Wealth Partners LTD. acquired a new stake in shares of eBay during the 3rd quarter worth about $144,000. Finally, JNBA Financial Advisors raised its position in shares of eBay by 567.5% during the 3rd quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after acquiring an additional 3,836 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.
eBay stock traded down $0.41 during midday trading on Monday, reaching $29.06. 11,737,269 shares of the stock traded hands, compared to its average volume of 12,220,056. eBay has a 12-month low of $26.36 and a 12-month high of $46.99. The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74.
eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business posted $0.48 EPS. eBay’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that eBay will post 1.84 earnings per share for the current year.
eBay Company Profile
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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