eBay (EBAY) Stock Rating Reaffirmed by JMP Securities

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reissued by investment analysts at JMP Securities in a research report issued to clients and investors on Tuesday.

EBAY has been the subject of several other research reports. BMO Capital Markets raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Monday, December 4th. SunTrust Banks reissued a “hold” rating and set a $38.00 target price on shares of eBay in a research report on Friday, November 17th. Piper Jaffray Companies set a $34.00 target price on shares of eBay and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Guggenheim started coverage on shares of eBay in a research report on Friday, October 20th. They set a “neutral” rating for the company. Finally, BidaskClub raised shares of eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.87.

Shares of eBay (EBAY) opened at $42.33 on Tuesday. The company has a quick ratio of 2.46, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay has a 52 week low of $31.89 and a 52 week high of $46.99. The stock has a market cap of $42,840.00, a price-to-earnings ratio of -39.93, a P/E/G ratio of 2.51 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business earned $0.54 EPS. eBay’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts forecast that eBay will post 1.84 earnings per share for the current year.

eBay announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, SVP Raymond J. Pittman sold 31,400 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares in the company, valued at $2,644,803.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the transaction, the vice president now owns 23,392 shares in the company, valued at $836,264. The disclosure for this sale can be found here. Insiders have sold 64,980 shares of company stock worth $2,504,747 over the last ninety days. Insiders own 6.78% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new position in shares of eBay during the third quarter worth approximately $122,000. BB&T Investment Services Inc. acquired a new position in shares of eBay during the second quarter worth approximately $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay during the second quarter worth approximately $123,000. Steward Partners Investment Advisory LLC acquired a new position in shares of eBay during the third quarter worth approximately $139,000. Finally, Grove Bank & Trust lifted its position in shares of eBay by 455.2% during the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after purchasing an additional 3,050 shares in the last quarter. Institutional investors own 85.84% of the company’s stock.

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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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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