Aegis Reaffirms Buy Rating for eBay (EBAY)
Aegis reiterated their buy rating on shares of eBay (NASDAQ:EBAY) in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a $45.00 price objective on the e-commerce company’s stock.
Several other research analysts also recently commented on the stock. BidaskClub raised shares of eBay from a sell rating to a hold rating in a research note on Wednesday, December 6th. Canaccord Genuity reissued a hold rating and set a $34.00 price target on shares of eBay in a research note on Wednesday, September 6th. SunTrust Banks reissued a hold rating and set a $38.00 price target on shares of eBay in a research note on Friday, November 17th. BMO Capital Markets raised shares of eBay from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a research note on Monday, December 4th. Finally, Piper Jaffray Companies set a $34.00 price target on shares of eBay and gave the stock a hold rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. eBay has a consensus rating of Hold and a consensus price target of $38.54.
Shares of eBay (NASDAQ:EBAY) opened at $37.76 on Friday. eBay has a 1 year low of $29.42 and a 1 year high of $39.28. The stock has a market cap of $39,495.23, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 2.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the business posted $0.45 earnings per share. eBay’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts anticipate that eBay will post 1.65 EPS for the current year.
In related news, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the sale, the senior vice president now owns 144,047 shares in the company, valued at $5,420,488.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Oh Huber sold 72,417 shares of eBay stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of eBay during the 3rd quarter valued at $139,000. Public Employees Retirement System of Ohio boosted its stake in eBay by 2.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 709,085 shares of the e-commerce company’s stock worth $27,271,000 after purchasing an additional 13,906 shares in the last quarter. GSA Capital Partners LLP boosted its stake in eBay by 26.8% in the 3rd quarter. GSA Capital Partners LLP now owns 16,372 shares of the e-commerce company’s stock worth $630,000 after purchasing an additional 3,456 shares in the last quarter. Gofen & Glossberg LLC IL bought a new position in eBay in the 3rd quarter worth about $204,000. Finally, Wunderlich Capital Managemnt boosted its stake in eBay by 28.5% in the 3rd quarter. Wunderlich Capital Managemnt now owns 26,294 shares of the e-commerce company’s stock worth $1,011,000 after purchasing an additional 5,828 shares in the last quarter. Hedge funds and other institutional investors own 85.93% of the company’s stock.
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eBay Company Profile
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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