eBay Inc. (EBAY) Sets New 52-Week High at $32.50
eBay Inc. (NASDAQ:EBAY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.50 and last traded at $32.28, with a volume of 6,760,600 shares traded. The stock had previously closed at $32.13.
EBAY has been the topic of a number of analyst reports. Bank of America Corp. restated a “buy” rating on shares of eBay in a research report on Wednesday, May 25th. Brean Capital started coverage on eBay in a research report on Wednesday, June 22nd. They issued a “buy” rating on the stock. Maxim Group started coverage on eBay in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Benchmark Co. restated a “buy” rating and issued a $29.00 target price on shares of eBay in a research report on Tuesday, June 21st. Finally, Robert W. Baird restated a “buy” rating and issued a $30.00 target price on shares of eBay in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.45.
The firm has a 50-day moving average of $30.61 and a 200 day moving average of $25.77. The stock has a market cap of $36.44 billion and a price-to-earnings ratio of 19.84.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ 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. During the same period in the previous year, the firm earned $0.42 EPS. eBay’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts predict that eBay Inc. will post $1.89 earnings per share for the current fiscal year.
In related news, SVP Jae Hyun Lee sold 11,768 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $31.00, for a total transaction of $364,808.00. Following the sale, the senior vice president now owns 120,977 shares of the company’s stock, valued at $3,750,287. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $732,156.48. Following the sale, the vice president now directly owns 48,605 shares in the company, valued at approximately $1,485,368.80. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in eBay stock. American International Group Inc. boosted its stake in eBay Inc. (NASDAQ:EBAY) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 551,337 shares of the e-commerce company’s stock after buying an additional 30,660 shares during the period. American International Group Inc.’s holdings in eBay were worth $15,151,000 at the end of the most recent reporting 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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