eBay Inc. (EBAY) Rating Lowered to C+ at TheStreet

eBay Inc. (NASDAQ:EBAY) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on EBAY. BMO Capital Markets reaffirmed a “hold” rating and set a $33.00 price target on shares of eBay in a research report on Monday, March 27th. Barclays PLC initiated coverage on eBay in a research report on Tuesday, March 28th. They set an “overweight” rating and a $41.00 price target on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 price target on shares of eBay in a research report on Monday, April 10th. Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 price target on shares of eBay in a research report on Monday, April 10th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $35.00 price target on shares of eBay in a research report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. eBay currently has an average rating of “Hold” and an average price target of $36.09.

Shares of eBay (EBAY) opened at 37.05 on Friday. The firm’s 50-day moving average price is $34.72 and its 200 day moving average price is $32.99. eBay has a 52 week low of $25.95 and a 52 week high of $37.20. The stock has a market capitalization of $40.10 billion, a P/E ratio of 5.34 and a beta of 1.36.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $2.22 billion for 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 quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. Analysts expect that eBay will post $2.01 earnings per share for the current year.

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In other news, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the sale, the director now owns 286,562 shares in the company, valued at approximately $10,029,670. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen Fisher sold 33,008 shares of the firm’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 transaction of $1,067,808.80. Following the sale, the senior vice president now owns 109,468 shares of the company’s stock, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,712 shares of company stock valued at $2,877,612. 6.78% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in shares of eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock worth $189,000 after buying an additional 187 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock worth $11,372,000 after buying an additional 4,400 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock worth $945,000 after buying an additional 2,090 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of eBay by 62.6% in the first quarter. Fulton Bank N.A. now owns 16,369 shares of the e-commerce company’s stock worth $550,000 after buying an additional 6,301 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock worth $320,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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