Brokerages Set eBay Inc (NASDAQ:EBAY) Price Target at $44.13
Shares of eBay Inc (NASDAQ:EBAY) have been given a consensus rating of “Hold” by the forty research firms that are presently covering the company, Analyst Ratings.Net reports. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $43.35.
Shares of eBay (NASDAQ:EBAY) opened at 26.43 on Thursday. The stock has a market capitalization of $31.73 billion and a P/E ratio of 14.37. The stock has a 50 day moving average price of $27.20 and a 200 day moving average price of $27.15. eBay has a 52 week low of $22.11 and a 52 week high of $29.83.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 21st. The e-commerce company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. During the same quarter in the prior year, the firm posted $0.68 EPS. The company earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities research analysts expect that eBay will post $1.83 EPS for the current year.
Several research analysts have recently commented on the company. Cantor Fitzgerald reiterated a “hold” rating and issued a $27.00 price objective on shares of eBay in a report on Friday. Jyske Bank began coverage on eBay in a report on Wednesday. They set a “strong-buy” rating and a $33.00 price target on the stock. Susquehanna restated a “buy” rating on shares of eBay in a report on Saturday, January 16th. Zacks Investment Research upgraded eBay from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, January 13th. Finally, Robert W. Baird restated a “buy” rating and set a $33.00 price target on shares of eBay in a report on Monday, January 4th.
In other news, SVP Jae Hyun Lee sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $29.25, for a total transaction of $585,000.00. Following the transaction, the senior vice president now directly owns 88,534 shares of the company’s stock, valued at $2,589,619.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 78,775 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $27.90, for a total transaction of $2,197,822.50. Following the transaction, the senior vice president now directly owns 15,051 shares in the company, valued at $419,922.90. The disclosure for this sale can be found here.
Several institutional investors recently modified their holdings of EBAY. Sentry Investment Management raised its position in shares of eBay by 123.5% in the fourth quarter. Sentry Investment Management now owns 84,066 shares of the e-commerce company’s stock worth $2,310,000 after buying an additional 46,459 shares during the period. Boston Advisors bought a new position in shares of eBay during the fourth quarter worth approximately $19,050,000. Osborne Partners Capital Management raised its position in shares of eBay by 11.0% in the fourth quarter. Osborne Partners Capital Management now owns 203,827 shares of the e-commerce company’s stock worth $5,601,000 after buying an additional 20,200 shares during the period. DNB Asset Management raised its position in shares of eBay by 16.5% in the fourth quarter. DNB Asset Management now owns 153,180 shares of the e-commerce company’s stock worth $4,209,386 after buying an additional 21,700 shares during the period. Finally, Saddle Road Partners bought a new position in shares of eBay during the fourth quarter worth approximately $719,000.
eBay Inc.(NASDAQ:EBAY) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs), to develop software and solutions for commerce. The Company enables commerce through two segments: Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts and its other online platforms, such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business.
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