eBay Inc (EBAY) Rating Lowered to Buy at Vetr Inc.

eBay Inc (EBAY) Rating Lowered to Buy at Vetr Inc.

eBay Inc (NASDAQ:EBAY) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $35.89 price objective on the e-commerce company’s stock. Vetr‘s target price suggests a potential upside of 10.40% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Canaccord Genuity restated a “hold” rating and issued a $28.00 price target on shares of eBay in a research report on Tuesday, October 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 price objective on shares of eBay in a research note on Thursday, October 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $35.00 price target (up from $34.00) on shares of eBay in a research note on Thursday, October 20th. Morgan Stanley reissued an “underweight” rating and set a $26.00 price target (up from $24.00) on shares of eBay in a research note on Thursday, October 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $32.00 price target on shares of eBay in a research note on Thursday, October 20th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and an average target price of $35.16.

Shares of eBay (NASDAQ:EBAY) opened at 32.51 on Monday. The stock has a market capitalization of $35.96 billion, a price-to-earnings ratio of 5.12 and a beta of 1.29. The stock’s 50 day moving average price is $30.18 and its 200 day moving average price is $30.20. eBay has a 12 month low of $21.52 and a 12 month high of $33.19.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, January 25th. The e-commerce company reported $0.54 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. eBay had a return on equity of 27.83% and a net margin of 80.92%. The firm earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Analysts expect that eBay will post $2.03 EPS for the current year.

In other eBay news, CAO Brian J. Doerger sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $28.93, for a total value of $520,740.00. Following the completion of the sale, 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 accessible through this hyperlink. Also, Director Logan Green bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average cost of $28.32 per share, with a total value of $28,320.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $28,320. The disclosure for this purchase can be found here. 7.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in eBay by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 402,317 shares of the e-commerce company’s stock valued at $9,418,000 after buying an additional 10,565 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of eBay by 23.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 83,666 shares of the e-commerce company’s stock worth $1,959,000 after buying an additional 15,939 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of eBay by 3.2% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,625 shares of the e-commerce company’s stock worth $764,000 after buying an additional 1,008 shares during the period. ING Groep NV boosted its stake in shares of eBay by 211.2% in the second quarter. ING Groep NV now owns 199,386 shares of the e-commerce company’s stock worth $4,670,000 after buying an additional 135,323 shares during the period. Finally, Gargoyle Investment Advisor L.L.C. boosted its stake in shares of eBay by 1.2% in the second quarter. Gargoyle Investment Advisor L.L.C. now owns 50,036 shares of the e-commerce company’s stock worth $1,171,000 after buying an additional 585 shares during the period. 84.19% of the stock is owned by institutional investors and hedge funds.

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.

To view Vetr’s full report, visit Vetr’s official website.

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