eBay Inc. (EBAY) Stock Price Up 0.8%
eBay Inc. (NASDAQ:EBAY)’s share price rose 0.8% during mid-day trading on Wednesday . The stock traded as high as $32.14 and last traded at $32.02, with a volume of 4,966,040 shares traded. The stock had previously closed at $31.77.
EBAY has been the topic of several research analyst reports. Argus restated a “buy” rating and set a $36.00 price objective on shares of eBay in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the stock a “buy” rating in a research note on Thursday, July 21st. Robert W. Baird restated an “outperform” rating and set a $35.00 price objective on shares of eBay in a research note on Monday, August 1st. Axiom Securities reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of eBay in a research note on Friday, July 15th. Finally, SunTrust Banks Inc. reiterated a “neutral” rating and issued a $26.00 target price on shares of eBay in a research note on Monday, July 18th. Two research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $32.45.
The company’s 50 day moving average is $30.44 and its 200 day moving average is $25.72. The company has a market cap of $36.62 billion and a price-to-earnings ratio of 19.935.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. During the same period last year, the business earned $0.42 EPS. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. The company’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that eBay Inc. will post $1.89 earnings per share for the current year.
In related news, SVP Jae Hyun Lee sold 3,222 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $31.53, for a total transaction of $101,589.66. Following the sale, the senior vice president now owns 107,154 shares of the company’s stock, valued at approximately $3,378,565.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Holmes Swan sold 50,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.65, for a total value of $1,532,500.00. Following the sale, the director now directly owns 425,288 shares in the company, valued at approximately $13,035,077.20. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in eBay by 62.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,908,447 shares of the e-commerce company’s stock valued at $52,445,000 after buying an additional 734,357 shares during the period. Schwab Charles Investment Management Inc. increased its stake in eBay by 9.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,461,635 shares of the e-commerce company’s stock valued at $95,126,000 after buying an additional 303,761 shares during the period. American International Group Inc. increased its stake in eBay by 5.9% in the fourth quarter. American International Group Inc. now owns 551,337 shares of the e-commerce company’s stock valued at $15,151,000 after buying an additional 30,660 shares during the period. Finally, I.G. Investment Management LTD. increased its stake in eBay by 25.9% in the fourth quarter. I.G. Investment Management LTD. now owns 112,546 shares of the e-commerce company’s stock valued at $3,093,000 after buying an additional 23,139 shares during the period.
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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