Piper Jaffray Companies Comments on eBay Inc’s Q3 2018 Earnings (EBAY)
eBay Inc (NASDAQ:EBAY) – Equities research analysts at Piper Jaffray Companies boosted their Q3 2018 earnings estimates for shares of eBay in a research report issued on Thursday, July 19th. Piper Jaffray Companies analyst M. Olson now anticipates that the e-commerce company will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.43. Piper Jaffray Companies also issued estimates for eBay’s Q2 2019 earnings at $0.54 EPS and Q3 2019 earnings at $0.56 EPS.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS.
Shares of eBay opened at $34.20 on Monday, according to Marketbeat. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.63. The firm has a market cap of $33.99 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.66 and a beta of 1.24. eBay has a 1-year low of $33.93 and a 1-year high of $46.99.
Several large investors have recently made changes to their positions in the company. Whittier Trust Co. raised its stake in shares of eBay by 75.1% in the second quarter. Whittier Trust Co. now owns 11,859 shares of the e-commerce company’s stock worth $594,000 after purchasing an additional 5,086 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in eBay during the second quarter worth about $1,520,000. Wealth Architects LLC acquired a new stake in eBay during the second quarter worth about $375,000. Nisa Investment Advisors LLC acquired a new stake in eBay during the second quarter worth about $14,120,000. Finally, Amalgamated Bank grew its holdings in eBay by 7.0% during the second quarter. Amalgamated Bank now owns 126,337 shares of the e-commerce company’s stock worth $4,581,000 after acquiring an additional 8,295 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.
In other news, VP Brian J. Doerger sold 9,232 shares of the firm’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $38.15, for a total value of $352,200.80. Following the completion of the transaction, the vice president now directly owns 32,909 shares in the company, valued at $1,255,478.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stephen Fisher sold 12,408 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $37.47, for a total value of $464,927.76. Following the completion of the transaction, the senior vice president now owns 87,049 shares of the company’s stock, valued at $3,261,726.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,114 shares of company stock valued at $5,479,825. Company insiders own 6.78% of the company’s stock.
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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