eBay Inc. (EBAY) Stock Rating Reaffirmed by Susquehanna Bancshares Inc
Susquehanna Bancshares Inc reissued their positive rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note released on Sunday. Susquehanna Bancshares Inc currently has a $41.00 price target on the e-commerce company’s stock, up from their previous price target of $40.00.
Other equities analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $39.00 price objective (up from $38.00) on shares of eBay in a research note on Thursday, April 20th. Canaccord Genuity reissued a hold rating and issued a $32.00 price objective (up from $31.00) on shares of eBay in a research note on Thursday, April 20th. J P Morgan Chase & Co set a $38.00 price objective on shares of eBay and gave the company a neutral rating in a research note on Friday, July 21st. BMO Capital Markets reissued a market perform rating and issued a $36.00 price objective on shares of eBay in a research note on Saturday. Finally, Atlantic Securities reissued a neutral rating and issued a $36.00 price objective on shares of eBay in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $36.91.
Shares of eBay (EBAY) opened at 36.32 on Friday. The firm has a market cap of $38.87 billion, a price-to-earnings ratio of 5.45 and a beta of 1.36. The company’s 50-day moving average is $35.36 and its 200 day moving average is $33.73. eBay has a 52-week low of $27.28 and a 52-week high of $37.48. eBay also saw some unusual options trading activity on Monday. Investors purchased 4,033 call options on the stock. This is an increase of 484% compared to the typical daily volume of 690 call options.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. On average, analysts expect that eBay will post $2.01 earnings per share for the current fiscal year.
eBay announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other eBay news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the sale, the vice president now owns 30,701 shares of the company’s stock, valued at $1,047,211.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total transaction of $433,187.28. Following the completion of the sale, the vice president now directly owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The disclosure for this sale can be found here. Insiders sold 52,704 shares of company stock valued at $1,809,803 in the last ninety days. 6.78% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the period. Wellington Management Group LLP increased its stake 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 last quarter. Nordea Investment Management AB increased its stake 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 last quarter. Renaissance Technologies LLC bought a new stake in eBay during the first quarter worth $96,616,000. Finally, Steadfast Capital Management LP increased its stake in eBay by 42.8% in the first quarter. Steadfast Capital Management LP now owns 9,042,180 shares of the e-commerce company’s stock worth $303,546,000 after buying an additional 2,708,246 shares during the last quarter. 85.13% of the stock is owned by institutional investors.
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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