eBay (NASDAQ:EBAY) Upgraded by BidaskClub to Strong-Buy

eBay (NASDAQ:EBAY) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday, January 29th.

Several other research firms have also commented on EBAY. FIX lowered eBay from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $33.00 in a research note on Monday, October 22nd. Bank of America restated a “neutral” rating and issued a $38.00 price objective (up from $34.00) on shares of eBay in a research note on Wednesday, January 23rd. Citigroup increased their price target on eBay from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Benchmark reiterated a “buy” rating and issued a $50.00 price target on shares of eBay in a research note on Tuesday, October 16th. Finally, Deutsche Bank cut their price target on eBay from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.13.

EBAY stock opened at $36.26 on Tuesday. The company has a market capitalization of $33.30 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. eBay has a 12-month low of $26.01 and a 12-month high of $44.36. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.22.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. As a group, analysts forecast that eBay will post 2.15 EPS for the current year.

In other eBay news, VP Brian J. Doerger sold 3,526 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $28.21, for a total value of $99,468.46. Following the completion of the sale, the vice president now directly owns 37,664 shares in the company, valued at $1,062,501.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pierre M. Omidyar sold 36,000 shares of eBay stock in a transaction on Monday, November 26th. The stock was sold at an average price of $28.82, for a total transaction of $1,037,520.00. Following the sale, the director now owns 45,364,858 shares of the company’s stock, valued at $1,307,415,207.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,646 shares of company stock valued at $2,992,510. 6.22% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Clean Yield Group acquired a new position in eBay during the fourth quarter valued at $28,000. Financial Gravity Companies Inc. purchased a new position in eBay in the fourth quarter valued at $42,000. Lindbrook Capital LLC purchased a new position in eBay in the fourth quarter valued at $35,000. Berman Capital Advisors LLC purchased a new position in eBay in the fourth quarter valued at $41,000. Finally, JOYN Advisors Inc. increased its holdings in eBay by 64.0% in the fourth quarter. JOYN Advisors Inc. now owns 2,320 shares of the e-commerce company’s stock valued at $65,000 after buying an additional 905 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

About eBay

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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