eBay’s (EBAY) “Buy” Rating Reaffirmed at Aegis

eBay (NASDAQ:EBAY)‘s stock had its “buy” rating restated by research analysts at Aegis in a research report issued to clients and investors on Friday. They presently have a $45.00 price target on the e-commerce company’s stock. Aegis’ target price suggests a potential upside of 19.02% from the company’s current price.

Several other analysts have also issued reports on EBAY. Wells Fargo & Company reissued an “outperform” rating and set a $45.00 price target on shares of eBay in a report on Tuesday, September 26th. Goldman Sachs Group set a $40.00 price target on eBay and gave the company a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus set a $37.00 price target on eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. J P Morgan Chase & Co set a $38.00 price target on eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, BMO Capital Markets reissued a “hold” rating on shares of eBay in a report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.54.

eBay (EBAY) opened at $37.81 on Friday. eBay has a one year low of $29.21 and a one year high of $39.28. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $39,620.58, a price-to-earnings ratio of 23.71, a PEG ratio of 2.91 and a beta of 1.33.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. research analysts expect that eBay will post 1.65 EPS for the current fiscal year.

In other news, VP Brian J. Doerger sold 4,359 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the sale, the vice president now directly owns 23,392 shares in the company, valued at $836,264. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.99, for a total value of $239,693.40. Following the completion of the transaction, the vice president now directly owns 16,732 shares in the company, valued at approximately $602,184.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,242 shares of company stock worth $6,842,297. Company insiders own 6.78% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in eBay in the third quarter worth approximately $139,000. Public Employees Retirement System of Ohio boosted its position in eBay by 2.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 709,085 shares of the e-commerce company’s stock valued at $27,271,000 after acquiring an additional 13,906 shares in the last quarter. GSA Capital Partners LLP boosted its position in eBay by 26.8% during the 3rd quarter. GSA Capital Partners LLP now owns 16,372 shares of the e-commerce company’s stock valued at $630,000 after acquiring an additional 3,456 shares in the last quarter. Gofen & Glossberg LLC IL bought a new stake in eBay during the 3rd quarter valued at $204,000. Finally, Wunderlich Capital Managemnt boosted its position in eBay by 28.5% during the 3rd quarter. Wunderlich Capital Managemnt now owns 26,294 shares of the e-commerce company’s stock valued at $1,011,000 after acquiring an additional 5,828 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors.

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About eBay

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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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