eBay Inc. (EBAY) Hits New 12-Month High at $31.79
Shares of eBay Inc. (NASDAQ:EBAY) reached a new 52-week high 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 analysts have recently weighed in on EBAY shares. Barclays PLC downgraded eBay from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $28.00 to $25.00 in a research report on Tuesday, March 29th. Citigroup Inc. restated a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of eBay in a research report on Sunday, April 3rd. Vetr downgraded eBay from a “sell” rating to a “strong sell” rating and set a $22.48 price objective for the company. in a research report on Wednesday, April 6th. Piper Jaffray Cos. restated a “hold” rating and set a $25.00 price objective on shares of eBay in a research report on Wednesday, April 13th. Finally, Credit Suisse Group AG dropped their price objective on eBay from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, April 18th. Two research 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 issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.39.
The stock has a market capitalization of $35.36 billion and a price-to-earnings ratio of 19.25. The stock has a 50 day moving average price of $25.15 and a 200-day moving average price of $24.43.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company posted $0.42 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. On average, analysts predict that eBay Inc. will post $1.89 EPS for the current fiscal year.
In related news, SVP Raymond J. Pittman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $24.24, for a total value of $606,000.00. Following the sale, the senior vice president now owns 23,729 shares in the company, valued at approximately $575,190.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian J. Doerger sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $24.03, for a total value of $480,600.00. Following the completion of the sale, the chief accounting officer now owns 47,372 shares in the company, valued at approximately $1,138,349.16. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of the company. State of Tennessee Treasury Department increased its stake in 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 valued at $12,391,000 after buying an additional 279,303 shares during the last quarter. Airain ltd increased its stake in eBay by 436.9% in the fourth quarter. Airain ltd now owns 289,054 shares of the e-commerce company’s stock valued at $7,943,000 after buying an additional 235,214 shares during the last quarter. Systematic Financial Management LP bought a new stake in eBay during the fourth quarter valued at $5,074,000. UBS Oconnor LLC increased its stake in eBay by 6.9% in the fourth quarter. UBS Oconnor LLC now owns 2,725,478 shares of the e-commerce company’s stock valued at $74,896,000 after buying an additional 174,729 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in eBay by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,609 shares of the e-commerce company’s stock valued at $65,203,000 after buying an additional 160,403 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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