BidaskClub Downgrades eBay (EBAY) to Strong Sell

eBay (NASDAQ:EBAY) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

Other analysts also recently issued reports about the stock. SunTrust Banks downgraded shares of eBay from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Tuesday, July 10th. Bank of America dropped their target price on shares of eBay from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 13th. Credit Suisse Group dropped their target price on shares of eBay from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 16th. Guggenheim restated a “$37.95” rating on shares of eBay in a report on Wednesday, July 18th. Finally, Wells Fargo & Co restated a “buy” rating on shares of eBay in a report on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.93.

eBay stock opened at $33.58 on Tuesday. eBay has a fifty-two week low of $32.60 and a fifty-two week high of $46.99. The company has a market cap of $33.37 billion, a P/E ratio of 20.25, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.37 and a current ratio of 2.37.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm earned $0.45 EPS. eBay’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts expect that eBay will post 1.84 EPS for the current fiscal year.

In other news, SVP Jae Hyun Lee sold 47,739 shares of eBay stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $34.15, for a total value of $1,630,286.85. Following the sale, the senior vice president now directly owns 73,700 shares in the company, valued at $2,516,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Wendy Elizabeth Jones sold 10,516 shares of eBay stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $33.68, for a total transaction of $354,178.88. Following the completion of the sale, the senior vice president now owns 21,620 shares in the company, valued at $728,161.60. The disclosure for this sale can be found here. Insiders sold 138,158 shares of company stock worth $4,718,578 over the last quarter. 6.22% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in eBay by 676.0% during the first quarter. Millennium Management LLC now owns 6,411,341 shares of the e-commerce company’s stock worth $257,992,000 after buying an additional 5,585,174 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in eBay by 49.6% during the second quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock worth $441,723,000 after buying an additional 4,036,288 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in eBay during the first quarter worth $158,761,000. Summit Trail Advisors LLC increased its holdings in eBay by 3,693.0% during the first quarter. Summit Trail Advisors LLC now owns 2,815,531 shares of the e-commerce company’s stock worth $2,816,000 after buying an additional 2,741,301 shares during the last quarter. Finally, Unigestion Holding SA acquired a new position in eBay during the second quarter worth $96,013,000. Institutional investors own 84.76% of the company’s stock.

eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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