Analyst Activity – Benchmark Co. Raises Its Price Target On eBay (NASDAQ:EBAY) to $40.00
21 July, 2017, 04:41
USA Financial Portformulas Corp acquired a new position in shares of eBay during the fourth quarter valued at $5,303,000. Andra Ap has invested 0.2% in eBay Inc (NASDAQ:EBAY). Aegis now has a $42.00 price target on the e-commerce company's stock. It improved, as 77 investors sold EBAY shares while 258 reduced holdings. Capital One National Association raised its stake in eBay by 0.5% in the first quarter. The stock of eBay Inc (NASDAQ:EBAY) earned "Buy" rating by Monness Crespi & Hardt on Tuesday, October 18. Finally, Boston Partners boosted its stake in shares of State Street Corporation by 48.7% in the first quarter. Wellington Management Group LLP increased its position in shares of eBay by 169.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company's stock valued at $140,000 after buying an additional 858 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in eBay by 100.5% in the first quarter.
Looking forward to the third quarter, the company expects revenues between $2.35 billion and $2.39 billion and adjusted earnings of $0.46 to $0.48 per share. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company's stock valued at $320,000 after buying an additional 335 shares during the last quarter. Institutional investors own 87.97% of the company's stock.
Having a price of $36.80, eBay (NASDAQ:EBAY) traded 0.52% higher on the day. The stock has a market capitalization of $34.09 billion, a price-to-earnings ratio of 16.95 and a beta of 1.30.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 19th.
Revenue for the just-ended quarter rose 4.4 percent to $2.33 billion, beating analysts' estimates of $2.31 billion.
EBay's ticket marketplace subsidiary StubHub delivered revenue of $236 million, up 5 percent despite what it says was a "softer US events landscape compared to past year".
For the second quarter, eBay posted GAAP net income from continuing operations of $27 million, or 2 cents per diluted share, vs. $437 million, or 38 cents per share in the year ago period. Ghp Investment Advsrs Incorporated has invested 0.1% of its portfolio in eBay Inc (NASDAQ:EBAY). The institutional investor owned 22,861 shares of the asset manager's stock at the end of the first quarter.
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Several research firms recently weighed in on EBAY. BMO Capital Markets reiterated a "hold" rating and set a $33.00 price target on shares of eBay in a report on Monday, March 27th. Piper Jaffray Companies restated a "hold" rating and issued a $30.00 target price on shares of eBay in a report on Monday, April 10th. Canaccord Genuity reissued a "hold" rating and set a $32.00 target price (up from $31.00) on shares of eBay in a research note on Thursday, April 20th. With the last stock price up 10.25% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.07% over the same period. 12,904 shares valued at $433,208 were sold by Doerger Brian J. on Thursday, May 4.
On 5/18/2017 Kathleen C Mitic, Director, sold 11,897 with an average share price of $33.84 per share and the total transaction amounting to $402,594.48. Following the completion of the transaction, the insider now owns 21,523 shares in the company, valued at approximately $1,792,435.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. TIERNEY THOMAS J also sold $200,157 worth of eBay Inc (NASDAQ:EBAY) shares. Insiders have sold 85,712 shares of company stock valued at $2,877,612 over the last three months. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it. The company added 2 million new buyers across its platforms - the same number as the previous quarter - for a total of 171 million global active buyers.
Erickson has a sector perform rating on eBay, from the view that the company has been underperforming relative to e-commerce trends in general.
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