The Cowen and Company Reiterates “Market Perform” Rating for eBay Inc. (EBAY)

The Cowen and Company Reiterates “Market Perform” Rating for eBay Inc. (EBAY)

eBay Inc. (NASDAQ:EBAY)‘s stock had its “market perform” rating reiterated by analysts at Cowen and Company in a research note issued on Thursday.

A number of other equities analysts have also recently issued reports on EBAY. Piper Jaffray Cos. began coverage on shares of eBay in a research note on Tuesday, January 3rd. They issued a “neutral” rating and a $28.00 price objective on the stock. Mizuho lifted their price target on shares of eBay from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Robert W. Baird reissued an “outperform” rating and set a $35.00 price target on shares of eBay in a research report on Thursday, November 10th. BMO Capital Markets reissued a “hold” rating and set a $28.00 price target on shares of eBay in a research report on Friday, October 21st. Finally, Wedbush reduced their price target on shares of eBay from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 20th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.68.

eBay (NASDAQ:EBAY) opened at 30.39 on Thursday. The stock has a 50 day moving average of $29.65 and a 200-day moving average of $29.95. eBay has a 1-year low of $21.51 and a 1-year high of $33.19. The firm has a market capitalization of $33.97 billion, a P/E ratio of 19.52 and a beta of 1.29.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. eBay had a net margin of 20.29% and a return on equity of 28.67%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that eBay will post $1.88 earnings per share for the current year.

In other news, Director Logan Green bought 1,000 shares of the stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average price of $28.32 per share, for a total transaction of $28,320.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $28,320. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 39,764 shares of the stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the completion of the sale, the senior vice president now owns 120,563 shares of the company’s stock, valued at approximately $3,520,439.60. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Mycio Wealth Partners LLC increased its stake in shares of eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares in the last quarter. Physicians Financial Services Inc. increased its stake in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock worth $108,000 after buying an additional 300 shares during the period. NEXT Financial Group Inc increased its stake in eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock worth $112,000 after buying an additional 960 shares during the period. Advisory Services Network LLC increased its stake in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the period. Finally, Hartford Financial Management Inc. increased its stake in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock worth $117,000 after buying an additional 100 shares during the period. Institutional investors own 83.15% of the company’s stock.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

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