eBay Inc. (NASDAQ:EBAY) Rating Lowered to C+ at TheStreet

eBay Inc. (NASDAQ:EBAY) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Friday.

EBAY has been the topic of a number of other reports. Macquarie reissued a “neutral” rating and set a $39.00 target price on shares of eBay in a report on Tuesday, April 18th. Credit Suisse Group raised shares of eBay to a “buy” rating and set a $44.00 target price on the stock in a report on Monday, June 12th. Stifel Nicolaus reissued a “hold” rating and set a $35.00 target price on shares of eBay in a report on Friday, April 14th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $39.00 target price (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Cowen and Company reissued a “market perform” rating and set a $30.00 target price on shares of eBay in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.09.

Shares of eBay (EBAY) opened at 37.05 on Friday. The company’s 50-day moving average is $34.72 and its 200 day moving average is $32.99. eBay has a 52 week low of $25.95 and a 52 week high of $37.20. The firm has a market capitalization of $40.10 billion, a price-to-earnings ratio of 5.34 and a beta of 1.36.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that eBay will post $2.01 EPS for the current fiscal year.

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In other news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the sale, the director now directly owns 286,562 shares of the company’s stock, valued at $10,029,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Insiders sold 85,712 shares of company stock valued at $2,877,612 over the last three months. 6.78% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of EBAY. Quadrant Capital Group LLC raised its stake in eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock worth $189,000 after buying an additional 187 shares during the period. Gulf International Bank UK Ltd raised its stake in eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock worth $11,372,000 after buying an additional 4,400 shares during the period. Raymond James Trust N.A. raised its stake in eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock worth $945,000 after buying an additional 2,090 shares during the period. Fulton Bank N.A. raised its stake in eBay by 62.6% in the first quarter. Fulton Bank N.A. now owns 16,369 shares of the e-commerce company’s stock worth $550,000 after buying an additional 6,301 shares during the period. Finally, CENTRAL TRUST Co raised its stake in eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock worth $320,000 after buying an additional 335 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

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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