eBay Inc. (EBAY) Price Target Raised to $33.00 at BMO Capital Markets

eBay Inc. (EBAY) Price Target Raised to $33.00 at BMO Capital Markets

eBay Inc. (NASDAQ:EBAY) had its target price hoisted by BMO Capital Markets to $33.00 in a report issued on Thursday morning.

EBAY has been the subject of a number of other research reports. Vetr raised shares of eBay from a hold rating to a strong-buy rating and set a $33.04 target price for the company in a research report on Thursday, October 20th. Deutsche Bank AG raised shares of eBay from a hold rating to a buy rating and boosted their target price for the company from $30.00 to $40.00 in a research report on Wednesday, September 28th. Jefferies Group LLC set a $32.00 target price on shares of eBay and gave the company a neutral rating in a research report on Tuesday. Piper Jaffray Companies reissued a neutral rating and issued a $25.00 target price on shares of eBay in a research report on Saturday, October 15th. Finally, Sanford C. Bernstein set a $41.00 price objective on shares of eBay and gave the stock a buy rating in a research report on Wednesday, October 12th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $34.13.

eBay (NASDAQ:EBAY) traded up 2.33% during trading on Thursday, hitting $32.48. The company had a trading volume of 11,912,053 shares. eBay has a 12 month low of $21.51 and a 12 month high of $33.19. The company has a market cap of $35.92 billion, a PE ratio of 5.11 and a beta of 1.29. The company’s 50 day moving average price is $30.00 and its 200-day moving average price is $30.13.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 25th. The e-commerce company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. eBay had a net margin of 80.92% and a return on equity of 27.83%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts expect that eBay will post $1.88 earnings per share for the current year.

In other news, CAO Brian J. Doerger sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $28.93, for a total transaction of $520,740.00. Following the transaction, the chief accounting officer now directly owns 39,947 shares of the company’s stock, valued at $1,155,666.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Logan Green bought 1,000 shares of eBay stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average cost of $28.32 per share, for a total transaction of $28,320.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $28,320. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its position in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares during the period. Fulton Bank N.A. boosted its position in eBay by 0.7% in the third quarter. Fulton Bank N.A. now owns 9,042 shares of the e-commerce company’s stock valued at $298,000 after buying an additional 63 shares during the period. Tradewinds Capital Management LLC boosted its position in eBay by 2.0% in the third quarter. Tradewinds Capital Management LLC now owns 3,837 shares of the e-commerce company’s stock valued at $126,000 after buying an additional 75 shares during the period. Quantitative Systematic Strategies LLC boosted its position in eBay by 0.8% in the third quarter. Quantitative Systematic Strategies LLC now owns 9,445 shares of the e-commerce company’s stock valued at $305,000 after buying an additional 79 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock valued at $676,000 after buying an additional 91 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

eBay Company Profile

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.

Related posts

Leave a Comment