Stifel Nicolaus reaffirmed their hold rating on shares of eBay (NASDAQ:EBAY) in a research note issued to investors on Wednesday, January 16th. Stifel Nicolaus currently has a $32.00 target price on the e-commerce company’s stock.
EBAY has been the subject of several other research reports. Credit Suisse Group cut their price target on eBay from $58.00 to $52.00 and set an outperform rating for the company in a report on Monday, October 29th. KeyCorp restated an overweight rating and set a $43.00 price target (down previously from $50.00) on shares of eBay in a report on Wednesday, October 31st. Aegis restated a buy rating and set a $40.00 price target (down previously from $44.00) on shares of eBay in a report on Wednesday, January 2nd. Robert W. Baird reaffirmed a buy rating and issued a $41.00 price objective on shares of eBay in a research note on Wednesday, October 17th. Finally, BidaskClub raised eBay from a strong sell rating to a sell rating in a research note on Saturday, November 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen 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 a consensus price target of $39.13.
Shares of NASDAQ:EBAY traded up $0.01 during trading on Wednesday, hitting $35.26. 10,227,946 shares of the company’s stock were exchanged, compared to its average volume of 16,963,830. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.22. eBay has a 52-week low of $26.01 and a 52-week high of $44.36. The stock has a market capitalization of $32.26 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.66 and a beta of 1.36.
eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a return on equity of 27.40% and a net margin of 23.54%. On average, research analysts predict that eBay will post 2.15 earnings per share for the current fiscal year.
The company also recently declared a Not Available dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, February 28th.
In other news, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the transaction, the vice president now owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 3,526 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $28.21, for a total value of $99,468.46. Following the completion of the transaction, the vice president now directly owns 37,664 shares of the company’s stock, valued at approximately $1,062,501.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,646 shares of company stock valued at $2,992,510. 6.22% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Greenleaf Trust raised its holdings in eBay by 3.3% in the 4th quarter. Greenleaf Trust now owns 9,137 shares of the e-commerce company’s stock worth $256,000 after purchasing an additional 290 shares during the period. Wetherby Asset Management Inc. raised its holdings in eBay by 1.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 19,693 shares of the e-commerce company’s stock worth $553,000 after purchasing an additional 349 shares during the period. Bigelow Investment Advisors LLC raised its holdings in eBay by 5.8% in the 4th quarter. Bigelow Investment Advisors LLC now owns 7,260 shares of the e-commerce company’s stock worth $204,000 after purchasing an additional 400 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in eBay by 22.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock worth $66,000 after purchasing an additional 427 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in eBay by 37.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the e-commerce company’s stock worth $76,000 after purchasing an additional 733 shares during the period. 83.27% of the stock is owned by institutional investors and hedge funds.
eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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