eBay Inc. (EBAY) Lifted to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of eBay Inc. (NASDAQ:EBAY) from a buy rating to a strong-buy rating in a research report sent to investors on Monday. The brokerage currently has $32.06 target price on the e-commerce company’s stock.
Several other research firms have also recently commented on EBAY. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the stock a buy rating in a research note on Thursday, September 8th. Sanford C. Bernstein set a $41.00 target price on shares of eBay and gave the stock a buy rating in a research note on Wednesday, October 12th. Robert W. Baird reaffirmed an outperform rating and issued a $35.00 target price on shares of eBay in a research note on Monday, October 17th. reaffirmed an underperform rating and issued a $30.00 target price (up from $27.00) on shares of eBay in a research note on Saturday, October 22nd. Finally, Monness Crespi & Hardt lifted their target price on shares of eBay from $32.00 to $35.00 and gave the stock a buy rating in a research note on Tuesday, October 18th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. eBay presently has a consensus rating of Hold and a consensus target price of $34.59.
eBay (NASDAQ:EBAY) opened at 27.81 on Monday. The stock has a market cap of $31.09 billion, a price-to-earnings ratio of 17.86 and a beta of 1.33. eBay has a 12-month low of $21.51 and a 12-month high of $33.19. The company has a 50-day moving average price of $29.32 and a 200 day moving average price of $28.49.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. eBay’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. On average, equities research analysts predict that eBay will post $1.88 EPS for the current year.
In other eBay news, CAO Brian J. Doerger sold 18,000 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $28.93, for a total value of $520,740.00. Following the completion of the sale, the chief accounting officer now directly owns 39,947 shares of the company’s stock, valued at approximately $1,155,666.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Stephen Fisher sold 39,764 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the completion of the sale, the senior vice president now directly owns 120,563 shares of the company’s stock, valued at $3,520,439.60. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of EBAY. Atria Investments LLC bought a new stake in shares of eBay during the second quarter worth $235,000. Quotient Investors LLC increased its stake in shares of eBay by 23.6% in the second quarter. Quotient Investors LLC now owns 79,782 shares of the e-commerce company’s stock worth $1,868,000 after buying an additional 15,243 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of eBay by 2.9% in the second quarter. Gulf International Bank UK Ltd now owns 334,358 shares of the e-commerce company’s stock worth $7,827,000 after buying an additional 9,500 shares during the period. Cabot Wealth Management Inc. increased its stake in shares of eBay by 4.0% in the second quarter. Cabot Wealth Management Inc. now owns 167,912 shares of the e-commerce company’s stock worth $3,931,000 after buying an additional 6,397 shares during the period. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of eBay by 3.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 273,603 shares of the e-commerce company’s stock worth $6,405,000 after buying an additional 9,576 shares during the period. 83.29% of the stock is owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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