eBay Inc. (EBAY) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a report published on Wednesday.

EBAY has been the subject of a number of other reports. Credit Suisse Group raised eBay to a buy rating and set a $44.00 price objective for the company in a research report on Monday, June 12th. Bank of America Corporation increased their price objective on eBay from $38.00 to $40.00 and gave the stock a buy rating in a research report on Friday, July 21st. Vetr cut eBay from a strong-buy rating to a buy rating and set a $38.72 price objective for the company. in a research report on Wednesday, May 24th. SunTrust Banks, Inc. began coverage on eBay in a research report on Tuesday, August 15th. They set a hold rating and a $38.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a hold rating on shares of eBay in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have given a buy rating to the stock. eBay presently has a consensus rating of Hold and a consensus target price of $37.24.

eBay (NASDAQ EBAY) opened at 38.40 on Wednesday. The company’s 50-day moving average price is $36.01 and its 200 day moving average price is $34.77. eBay has a 12 month low of $27.28 and a 12 month high of $38.87. The stock has a market capitalization of $41.10 billion, a PE ratio of 5.76 and a beta of 1.34.

eBay (NASDAQ:EBAY) last announced its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, analysts forecast that eBay will post $2.00 earnings per share for the current fiscal year.

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eBay declared that its Board of Directors has approved a share buyback program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $35.00, for a total value of $1,219,120.00. Following the transaction, the senior vice president now owns 83,058 shares in the company, valued at approximately $2,907,030. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,238 shares of company stock worth $3,439,297. 6.78% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of eBay by 1.7% during the second quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock worth $2,378,116,000 after purchasing an additional 1,121,890 shares in the last quarter. BlackRock Inc. lifted its stake in shares of eBay by 2,424.9% during the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after purchasing an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of eBay by 169.5% during the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after purchasing an additional 23,404,909 shares in the last quarter. Independent Franchise Partners LLP lifted its stake in shares of eBay by 17.6% during the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock worth $674,744,000 after purchasing an additional 2,898,085 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of eBay by 2.4% during the second quarter. Nordea Investment Management AB now owns 15,289,334 shares of the e-commerce company’s stock worth $533,904,000 after purchasing an additional 360,664 shares in the last quarter. Institutional investors own 84.91% 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 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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