eBay (NASDAQ:EBAY - Get Free Report) was upgraded by investment analysts at Cfra Research to a "moderate buy" rating in a research note issued on Thursday,Zacks.com reports.
Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald upped their price objective on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Bank of America cut their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a report on Monday, May 12th. Stifel Nicolaus lifted their price objective on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Robert W. Baird upped their target price on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.65.
Check Out Our Latest Report on eBay
eBay Price Performance
Shares of EBAY traded down $0.59 during mid-day trading on Thursday, reaching $78.77. 6,074,996 shares of the company's stock were exchanged, compared to its average volume of 4,986,489. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 52-week low of $51.72 and a 52-week high of $79.81. The company has a market cap of $36.31 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.22 and a beta of 1.27. The company has a 50-day simple moving average of $69.23 and a two-hundred day simple moving average of $67.01.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. eBay's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. On average, sell-side analysts predict that eBay will post 3.86 EPS for the current fiscal year.
Insider Activity
In related news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president now owns 123,282 shares of the company's stock, valued at $8,559,469.26. The trade was a 50.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was a 30.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 283,635 shares of company stock worth $19,872,559 over the last 90 days. Company insiders own 0.64% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Preservation Advisors LLC purchased a new position in shares of eBay during the 1st quarter valued at approximately $26,000. Abound Financial LLC acquired a new stake in eBay in the first quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new position in eBay during the 4th quarter valued at $27,000. Finally, Pinney & Scofield Inc. acquired a new position in eBay during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 87.48% of the company's stock.
eBay Company Profile
(
Get Free Report)
eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.
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