eBay Inc. (EBAY) Given a $41.00 Price Target at Sanford C. Bernstein
eBay Inc. (NASDAQ:EBAY) has been given a $41.00 price objective by Sanford C. Bernstein in a research report issued on Wednesday. The firm presently has a a “buy” rating on the e-commerce company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 30.32% from the stock’s current price.
EBAY has been the subject of several other reports. SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $26.00 price objective on shares of eBay in a report on Monday, July 18th. Monness Crespi & Hardt lifted their price objective on eBay from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the stock a “buy” rating in a report on Thursday, September 8th. Deutsche Bank AG lifted their price objective on eBay from $28.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, July 21st. Finally, Evercore ISI started coverage on eBay in a report on Monday, July 25th. They set a “hold” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.45.
eBay (NASDAQ:EBAY) traded up 0.111% during trading on Wednesday, hitting $31.495. The stock had a trading volume of 1,729,751 shares. The firm has a market cap of $35.56 billion, a price-to-earnings ratio of 19.358 and a beta of 1.17. eBay has a one year low of $21.52 and a one year high of $33.19. The stock’s 50-day moving average is $31.95 and its 200 day moving average is $27.32.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. 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 business earned $0.42 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts anticipate that eBay will post $1.89 earnings per share for the current year.
In other news, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the completion of the sale, the senior vice president now owns 32,738 shares in the company, valued at $1,052,199.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total value of $1,597,500.00. Following the completion of the sale, the director now owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Parametric Risk Advisors LLC acquired a new stake in eBay during the first quarter worth about $143,000. Altrinsic Global Advisors LLC raised its stake in eBay by 50.3% in the first quarter. Altrinsic Global Advisors LLC now owns 2,238,554 shares of the e-commerce company’s stock worth $53,412,000 after buying an additional 749,254 shares during the last quarter. AXA raised its stake in eBay by 4.8% in the first quarter. AXA now owns 362,367 shares of the e-commerce company’s stock worth $8,646,000 after buying an additional 16,573 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in eBay by 2.6% in the first quarter. Pictet Asset Management Ltd. now owns 1,947,571 shares of the e-commerce company’s stock worth $46,352,000 after buying an additional 49,582 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in eBay by 5.7% in the first quarter. Primecap Management Co. CA now owns 8,303,100 shares of the e-commerce company’s stock worth $198,112,000 after buying an additional 446,600 shares during the last quarter. Institutional investors own 82.00% of the company’s stock.
eBay Company Profile
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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