eBay Inc. (EBAY) Hits New 1-Year High at $31.79
eBay Inc. (NASDAQ:EBAY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.79 and last traded at $31.12, with a volume of 7,176,060 shares changing hands. The stock had previously closed at $31.40.
A number of equities research analysts have issued reports on the stock. Vetr raised shares of eBay from a “sell” rating to a “hold” rating and set a $23.75 target price on the stock in a report on Monday, May 2nd. Cantor Fitzgerald reissued a “hold” rating on shares of eBay in a report on Sunday, May 22nd. Deutsche Bank AG reissued a “hold” rating on shares of eBay in a report on Sunday, July 10th. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Monness Crespi & Hardt boosted their target price on shares of eBay from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.39.
The company’s 50 day moving average is $25.55 and its 200 day moving average is $24.53. The stock has a market cap of $35.10 billion and a PE ratio of 19.11.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Analysts anticipate that eBay Inc. will post $1.89 earnings per share for the current fiscal year.
In related news, CAO Brian J. Doerger sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $24.03, for a total transaction of $480,600.00. Following the completion of the transaction, the chief accounting officer now owns 47,372 shares in the company, valued at approximately $1,138,349.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $30.56, for a total transaction of $732,156.48. Following the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC raised its position in eBay by 4.4% in the fourth quarter. BlackRock Advisors LLC now owns 2,043,686 shares of the e-commerce company’s stock valued at $56,160,000 after buying an additional 86,598 shares during the period. Alta Park Capital LP bought a new position in shares of eBay during the fourth quarter worth about $3,174,000. Airain ltd raised its position in shares of eBay by 436.9% in the fourth quarter. Airain ltd now owns 289,054 shares of the e-commerce company’s stock worth $7,943,000 after buying an additional 235,214 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of eBay by 162.8% in the fourth quarter. State of Tennessee Treasury Department now owns 450,903 shares of the e-commerce company’s stock worth $12,391,000 after buying an additional 279,303 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its position in shares of eBay by 6.5% in the fourth quarter. Morningstar Investment Services LLC now owns 374,286 shares of the e-commerce company’s stock worth $10,285,000 after buying an additional 22,966 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.
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