eBay Inc. (EBAY) Sees Strong Trading Volume
Shares of eBay Inc. (NASDAQ:EBAY) saw an uptick in trading volume on Friday . 9,179,752 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 12,226,627 shares.The stock last traded at $26.20 and had previously closed at $26.08.
EBAY has been the subject of a number of research reports. Axiom Securities reiterated a “buy” rating on shares of eBay in a research report on Friday. Vetr lowered eBay from a “sell” rating to a “strong sell” rating and set a $22.48 price objective for the company. in a research report on Wednesday, April 6th. Morgan Stanley lowered eBay from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $24.00 to $22.50 in a research report on Tuesday, April 19th. Wedbush reiterated a “neutral” rating and issued a $26.00 price objective (up from $24.00) on shares of eBay in a research report on Thursday, April 28th. Finally, Credit Suisse Group AG lowered their price objective on eBay from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, April 18th. Three research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. eBay currently has an average rating of “Hold” and an average price target of $34.11.
The firm has a 50 day moving average of $24.20 and a 200 day moving average of $24.34. The firm has a market capitalization of $30.26 billion and a price-to-earnings ratio of 20.12.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, April 26th. The e-commerce company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. Analysts predict that eBay Inc. will post $1.86 earnings per share for the current year.
In related news, CAO Brian J. Doerger sold 20,000 shares of eBay stock in a transaction on Monday, May 9th. The stock was sold at an average price of $24.03, for a total transaction of $480,600.00. Following the sale, the chief accounting officer now directly owns 47,372 shares in the company, valued at $1,138,349.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Raymond J. Pittman sold 25,000 shares of eBay stock in a transaction on Friday, May 27th. The stock was sold at an average price of $24.24, for a total value of $606,000.00. Following the sale, the senior vice president now owns 23,729 shares in the company, valued at $575,190.96. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of eBay by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 63,726,172 shares of the e-commerce company’s stock valued at $1,751,195,000 after buying an additional 1,179,755 shares during the last quarter. Boston Partners raised its stake in shares of eBay by 61.6% in the fourth quarter. Boston Partners now owns 18,780,447 shares of the e-commerce company’s stock valued at $516,087,000 after buying an additional 7,156,164 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of eBay by 4.5% in the fourth quarter. Baillie Gifford & Co. now owns 9,698,059 shares of the e-commerce company’s stock valued at $266,503,000 after buying an additional 418,602 shares during the last quarter. UBS Oconnor LLC raised its stake in shares of eBay by 6.9% in the fourth quarter. UBS Oconnor LLC now owns 2,725,478 shares of the e-commerce company’s stock valued at $74,896,000 after buying an additional 174,729 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of eBay by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,609 shares of the e-commerce company’s stock valued at $65,203,000 after buying an additional 160,403 shares during the last quarter.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.