eBay Inc. (EBAY) Receives Average Rating of “Hold” from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have earned a consensus rating of “Hold” from the forty-three research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.21.

EBAY has been the subject of a number of research analyst reports. UBS Group set a $44.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Co reissued an “outperform” rating and issued a $45.00 price target on shares of eBay in a research report on Tuesday, September 26th. Goldman Sachs Group set a $40.00 price objective on eBay and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus set a $37.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. set a $38.00 price objective on eBay and gave the stock a “neutral” rating in a report on Thursday, October 19th.

eBay (NASDAQ EBAY) traded up $0.38 during midday trading on Friday, hitting $38.19. 4,280,000 shares of the stock were exchanged, compared to its average volume of 9,460,000. 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 stock has a market capitalization of $39,890.00, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. eBay has a 1-year low of $29.69 and a 1-year high of $40.13.

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

In other eBay news, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now owns 144,047 shares in the company, valued at $5,420,488.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the completion of the sale, the senior vice president now owns 74,334 shares in the company, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,242 shares of company stock worth $6,842,297. Corporate insiders own 6.78% of the company’s stock.

Several institutional investors have recently made changes to their positions in EBAY. Glenview Capital Management LLC grew its stake in shares of eBay by 442.0% in the second quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after acquiring an additional 7,262,862 shares during the last quarter. Harding Loevner LP acquired a new stake in shares of eBay in the second quarter worth $128,878,000. Arrowstreet Capital Limited Partnership grew its stake in shares of eBay by 1,077.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock worth $131,973,000 after acquiring an additional 3,458,300 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of eBay by 134.5% in the second quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock worth $207,826,000 after acquiring an additional 3,414,163 shares during the last quarter. Finally, Independent Franchise Partners LLP grew its stake in shares of eBay by 17.6% in the third quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after acquiring an additional 3,406,261 shares during the last quarter. Institutional investors and hedge funds own 85.93% of the company’s stock.

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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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