eBay’s (EBAY) “Hold” Rating Reaffirmed at Stifel Nicolaus

eBay Inc (NASDAQ:EBAY)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a report released on Friday, April 14th. They currently have a $35.00 target price on the e-commerce company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 3.77% from the company’s current price.

The analysts wrote, “Wednesday, April 19, after the market close. We expect 1Q results generally in line with our consensus-matching estimates of revenue of $2.20B reflecting 5.4% y/y FX adj. revenue growth (in line with guidance of 4%-6%) and non-GAAP EPS of $0.48 (at the high end of $0.46-$0.48 guidance). Focus will be on 1Q:17 execution and updated thoughts on 2017 guidance. We remain Hold rated as eBay progresses on its structured data and product improvement initiatives in an effort to support higher levels of sustainable growth which likely would be realized over time.””

EBAY has been the subject of a number of other research reports. Cowen and Company reiterated a “market perform” rating and set a $29.00 price objective on shares of eBay in a research note on Thursday, January 19th. Vetr cut eBay from a “buy” rating to a “hold” rating and set a $35.08 target price on the stock. in a research report on Thursday, February 16th. FBN Securities raised their target price on eBay from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, January 27th. Benchmark Co. dropped their target price on eBay from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, January 24th. Finally, Cantor Fitzgerald raised their target price on eBay to $31.00 in a research report on Thursday, January 26th. Two analysts have rated the stock with a sell rating, twenty-one 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 company currently has an average rating of “Hold” and a consensus price target of $35.16.

Analyst Recommendations for eBay (NASDAQ:EBAY)

eBay (NASDAQ:EBAY) traded up 0.27% during trading on Friday, hitting $33.82. The stock had a trading volume of 6,336,485 shares. eBay has a 52-week low of $22.30 and a 52-week high of $34.87. The company has a market cap of $36.60 billion, a price-to-earnings ratio of 4.87 and a beta of 1.31. The firm’s 50-day moving average price is $33.64 and its 200-day moving average price is $31.66.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Analysts predict that eBay will post $2.01 EPS for the current fiscal year.

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In related news, VP Brian J. Doerger sold 2,903 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the completion of the transaction, the vice president now owns 30,701 shares in the company, valued at $1,047,211.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the transaction, the senior vice president now owns 109,468 shares of the company’s stock, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,416 shares of company stock valued at $2,160,633. Insiders own 7.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital One National Association increased its position in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock valued at $244,000 after buying an additional 39 shares in the last quarter. Welch & Forbes LLC increased its position in eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock valued at $259,000 after buying an additional 45 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares in the last quarter. Alpha Windward LLC increased its position in eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock valued at $186,000 after buying an additional 59 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in eBay by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 19,507 shares of the e-commerce company’s stock valued at $579,000 after buying an additional 75 shares in the last quarter. Institutional investors own 85.86% of the company’s stock.

eBay Company Profile

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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