A number of other equities research analysts have also recently commented on EBAY. Cantor Fitzgerald reaffirmed a hold rating on shares of eBay in a report on Monday, June 26th. Aegis lifted their price target on shares of eBay from $40.00 to $42.00 and gave the stock a buy rating in a report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) set a $42.00 price target on shares of eBay and gave the stock a buy rating in a report on Wednesday, June 28th. Robert W. Baird reaffirmed an outperform rating on shares of eBay in a report on Monday, July 3rd. Finally, Jefferies Group LLC set a $36.00 price target on shares of eBay and gave the stock a hold rating in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $37.75.
Shares of eBay (NASDAQ:EBAY) traded down 0.52% during trading on Wednesday, hitting $38.11. The stock had a trading volume of 6,793,965 shares. The company’s 50 day moving average price is $37.56 and its 200 day moving average price is $35.42. eBay has a 52 week low of $27.28 and a 52 week high of $39.28. The company has a market capitalization of $40.79 billion, a price-to-earnings ratio of 5.72 and a beta of 1.36.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Analysts predict that eBay will post $2.00 earnings per share for the current year.
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eBay declared that its board has initiated a share buyback program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the transaction, the director now directly owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in EBAY. Trust Co. of Vermont increased its stake in shares of eBay by 0.3% during the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after purchasing an additional 40 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares in the last quarter. Usca Ria LLC increased its stake in shares of eBay by 1.3% during the second quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after purchasing an additional 100 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of eBay by 1.2% during the second quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after purchasing an additional 110 shares in the last quarter. Finally, Boston Private Wealth LLC increased its stake in shares of eBay by 0.7% during the second quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after purchasing an additional 111 shares in the last quarter. 84.88% of the stock is owned by 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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