eBay Inc. (NASDAQ:EBAY) Given a $29.00 Price Target by Morgan Stanley Analysts
EBAY has been the topic of a number of other research reports. Maxim Group reissued a buy rating and set a $36.00 price objective on shares of eBay in a report on Wednesday, April 12th. Benchmark Co. increased their price objective on eBay from $39.00 to $40.00 and gave the stock a buy rating in a report on Wednesday. Royal Bank Of Canada reissued a hold rating and set a $34.00 price objective on shares of eBay in a report on Thursday, April 13th. Stifel Nicolaus reaffirmed a hold rating and issued a $35.00 price target on shares of eBay in a report on Friday, April 14th. Finally, Susquehanna Bancshares Inc reaffirmed a positive rating and issued a $36.00 price target on shares of eBay in a report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $36.55.
Shares of eBay (NASDAQ EBAY) traded down 1.53% on Friday, hitting $36.61. The company had a trading volume of 22,222,085 shares. The company has a 50 day moving average price of $35.28 and a 200 day moving average price of $33.60. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. The firm has a market capitalization of $39.62 billion, a price-to-earnings ratio of 5.27 and a beta of 1.36. eBay also was the target of unusually large options trading on Wednesday. Stock investors purchased 2,194 put options on the company. This is an increase of approximately 231% compared to the typical daily volume of 663 put options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 18.32% and a net margin of 80.93%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, equities analysts forecast that eBay will post $2.01 earnings per share for the current fiscal year.
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eBay announced that its board has approved a share buyback program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction on 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 sale, the director now owns 286,562 shares of the company’s stock, valued at approximately $10,029,670. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen C. Mitic sold 11,897 shares of eBay stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $33.84, for a total value of $402,594.48. Following the completion of the sale, the director now directly owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. In the last three months, insiders sold 85,712 shares of company stock valued at $2,877,612. Corporate insiders own 6.78% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. USA Financial Portformulas Corp purchased a new stake in shares of eBay during the fourth quarter valued at approximately $5,303,000. Kentucky Retirement Systems purchased a new stake in shares of eBay during the fourth quarter valued at approximately $2,240,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of eBay during the fourth quarter valued at approximately $999,000. Searle & CO. purchased a new stake in shares of eBay during the fourth quarter valued at approximately $354,000. Finally, Capital Investment Services of America Inc. raised its stake in shares of eBay by 3.8% in the first quarter. Capital Investment Services of America Inc. now owns 278,186 shares of the e-commerce company’s stock valued at $9,339,000 after buying an additional 10,276 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.
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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