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

Shares of eBay Inc (NASDAQ:EBAY) have been assigned a consensus recommendation of “Hold” from the thirty-six ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.04.

A number of research firms have recently weighed in on EBAY. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. TheStreet raised eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. FIX cut eBay from a “buy” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $33.00 in a report on Monday, October 22nd. Citigroup boosted their price target on eBay from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Benchmark reissued a “buy” rating and issued a $50.00 price target on shares of eBay in a report on Tuesday, October 16th.

In related news, VP Brian J. Doerger sold 3,526 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the completion of the transaction, the vice president now directly owns 37,664 shares in the company, valued at $1,062,501.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jae Hyun Lee sold 33,652 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $29.23, for a total value of $983,647.96. Following the completion of the transaction, the senior vice president now owns 121,459 shares of the company’s stock, valued at $3,550,246.57. The disclosure for this sale can be found here. Insiders sold 91,461 shares of company stock valued at $2,643,165 over the last quarter. Insiders own 6.78% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in eBay by 0.4% during the second quarter. BlackRock Inc. now owns 60,262,860 shares of the e-commerce company’s stock valued at $2,185,132,000 after acquiring an additional 214,189 shares during the period. Magellan Asset Management Ltd grew its position in eBay by 0.3% during the third quarter. Magellan Asset Management Ltd now owns 23,584,773 shares of the e-commerce company’s stock valued at $778,769,000 after acquiring an additional 71,258 shares during the period. Independent Franchise Partners LLP grew its position in eBay by 14.6% during the third quarter. Independent Franchise Partners LLP now owns 21,666,149 shares of the e-commerce company’s stock valued at $715,416,000 after acquiring an additional 2,755,032 shares during the period. Nordea Investment Management AB grew its position in eBay by 74.8% during the third quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock valued at $590,516,000 after acquiring an additional 7,651,060 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in eBay by 4.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,230,455 shares of the e-commerce company’s stock valued at $436,869,000 after acquiring an additional 611,852 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

EBAY stock traded down $0.41 during midday trading on Monday, hitting $29.06. 11,737,269 shares of the stock were exchanged, compared to its average volume of 12,220,056. The stock has a market cap of $28.37 billion, a PE ratio of 17.83, a P/E/G ratio of 1.61 and a beta of 1.36. eBay has a fifty-two week low of $26.36 and a fifty-two week high of $46.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.74 and a current ratio of 1.74.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. eBay’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, equities research analysts predict that eBay will post 1.84 earnings per share for the current year.

eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Read More: Put Option

Analyst Recommendations for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit