eBay Inc. (EBAY) Downgraded by TheStreet to C+
Several other research firms also recently weighed in on EBAY. Aegis reissued a buy rating and issued a $42.00 price objective on shares of eBay in a report on Monday. Robert W. Baird reissued an outperform rating and issued a $38.00 price objective on shares of eBay in a report on Thursday. BidaskClub raised eBay from a buy rating to a strong-buy rating in a report on Thursday. Maxim Group increased their price objective on eBay from $36.00 to $40.00 and gave the company a buy rating in a report on Thursday. Finally, Citigroup Inc. reissued a buy rating and issued a $41.00 price objective (up from $36.00) on shares of eBay in a report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. eBay presently has an average rating of Hold and an average price target of $36.09.
eBay (EBAY) traded down 0.08% during trading on Friday, reaching $37.05. 8,186,411 shares of the company’s stock were exchanged. The stock has a market capitalization of $40.10 billion, a PE ratio of 5.34 and a beta of 1.36. The stock has a 50-day moving average of $34.72 and a 200-day moving average of $32.99. eBay has a 52 week low of $25.95 and a 52 week high of $37.20.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. On average, equities research analysts anticipate that eBay will post $2.01 EPS for the current year.
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In other news, VP Brian J. Doerger sold 12,904 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $33.57, for a total value of $433,187.28. Following the transaction, the vice president now directly owns 33,604 shares in the company, valued at approximately $1,128,086.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the transaction, the director now owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,712 shares of company stock worth $2,877,612. 6.78% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after buying an additional 59,937,723 shares during the period. Wellington Management Group LLP increased its position in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after buying an additional 23,404,909 shares during the period. Boston Partners increased its position in eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock worth $992,828,000 after buying an additional 544,112 shares during the period. Nordea Investment Management AB increased its position in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock worth $501,155,000 after buying an additional 4,749,434 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in eBay by 4.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,700,034 shares of the e-commerce company’s stock worth $459,911,000 after buying an additional 604,985 shares during the period. Institutional investors own 85.02% of the company’s stock.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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