Vetr upgraded shares of eBay Inc. (NASDAQ:EBAY) from a hold rating to a buy rating in a research note published on Monday, June 12th. The firm currently has $37.30 price target on the e-commerce company’s stock.
Several other research analysts also recently commented on the company. Maxim Group reiterated a buy rating and set a $36.00 target price on shares of eBay in a research note on Wednesday, April 12th. Canaccord Genuity restated a hold rating and issued a $31.00 price target on shares of eBay in a research note on Wednesday, March 1st. Pacific Crest assumed coverage on eBay in a research note on Friday, February 17th. They issued a sector weight rating for the company. Royal Bank Of Canada reaffirmed a hold rating and issued a $34.00 price objective on shares of eBay in a report on Thursday, April 13th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $35.00 price objective on shares of eBay in a report on Friday, April 14th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have given a buy rating to the company’s stock. eBay presently has an average rating of Hold and a consensus target price of $35.56.
Shares of eBay (EBAY) traded up 0.272% during trading on Monday, hitting $34.995. 4,872,544 shares of the stock were exchanged. eBay has a 12-month low of $22.30 and a 12-month high of $36.50. The stock has a 50-day moving average of $34.36 and a 200 day moving average of $32.69. The stock has a market cap of $37.88 billion, a P/E ratio of 5.040 and a beta of 1.37.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. Equities analysts predict that eBay will post $2.01 earnings per share for the current fiscal year.
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In other news, Director Kathleen C. Mitic sold 11,897 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $33.84, for a total value of $402,594.48. Following the sale, the director now directly owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the completion of the sale, the senior vice president now directly owns 109,468 shares in the company, valued at $3,541,289.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,712 shares of company stock worth $2,877,612. Insiders own 6.78% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new position in shares of eBay during the fourth quarter worth $100,000. Westside Investment Management Inc. raised its position in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP raised its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services raised its position in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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