eBay (EBAY) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of eBay (NASDAQ:EBAY) from a sell rating to a hold rating in a research note released on Saturday.

Several other equities analysts have also recently commented on EBAY. BidaskClub upgraded eBay from a sell rating to a hold rating in a research note on Thursday, November 22nd. Bank of America increased their target price on eBay from $33.00 to $34.00 and gave the company a neutral rating in a research note on Wednesday, October 31st. KeyCorp reiterated an overweight rating and set a $43.00 target price (down from $50.00) on shares of eBay in a research note on Wednesday, October 31st. Morgan Stanley cut eBay from an overweight rating to an equal weight rating and reduced their target price for the company from $55.00 to $33.00 in a research note on Wednesday. Finally, Benchmark reduced their target price on eBay from $50.00 to $41.00 and set a buy rating for the company in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and fourteen have assigned a buy rating to the stock. eBay presently has a consensus rating of Hold and a consensus price target of $40.38.

NASDAQ EBAY opened at $28.91 on Friday. The company has a market capitalization of $27.84 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.58 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 current ratio of 1.74 and a quick ratio of 1.74.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company 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%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, sell-side analysts forecast that eBay will post 1.84 earnings per share for the current fiscal year.

In related news, Director Pierre M. Omidyar sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $28.82, for a total transaction of $1,037,520.00. Following the sale, the director now directly owns 45,364,858 shares of the company’s stock, valued at approximately $1,307,415,207.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 3,526 shares of the 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 sale, the vice president now directly owns 37,664 shares in the company, valued at $1,062,501.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,461 shares of company stock worth $2,643,165. Corporate insiders own 6.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. CSat Investment Advisory L.P. acquired a new stake in eBay in the second quarter worth $106,000. Valeo Financial Advisors LLC acquired a new stake in eBay in the second quarter worth $107,000. NEXT Financial Group Inc acquired a new stake in eBay in the third quarter worth $130,000. Stratos Wealth Partners LTD. acquired a new stake in eBay in the third quarter worth $144,000. Finally, JNBA Financial Advisors increased its position in eBay by 567.5% in the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after buying an additional 3,836 shares during the period. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

About eBay

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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