eBay (NASDAQ:EBAY) Now Covered by Analysts at Needham & Company LLC

Analysts at Needham & Company LLC began coverage on shares of eBay (NASDAQ:EBAYGet Rating) in a research note issued on Monday, MarketBeat Ratings reports. The firm set a “hold” rating on the e-commerce company’s stock.

Several other equities analysts have also commented on EBAY. Benchmark reduced their target price on shares of eBay from $71.00 to $67.00 in a report on Thursday, May 5th. Credit Suisse Group reduced their target price on shares of eBay from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Morgan Stanley started coverage on shares of eBay in a report on Thursday, June 23rd. They set an “underweight” rating and a $36.00 target price on the stock. Robert W. Baird cut their price target on shares of eBay from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Tuesday, July 5th. Finally, The Goldman Sachs Group lowered shares of eBay from a “neutral” rating to a “sell” rating and cut their price target for the stock from $52.00 to $42.00 in a report on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $61.30.

eBay Stock Performance

eBay stock opened at $48.43 on Monday. The firm’s fifty day moving average price is $45.00 and its 200-day moving average price is $51.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $27.11 billion, a P/E ratio of 2.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. eBay has a fifty-two week low of $40.52 and a fifty-two week high of $81.19.

eBay (NASDAQ:EBAYGet Rating) last released its earnings results on Wednesday, May 4th. The e-commerce company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.14). eBay had a net margin of 113.26% and a return on equity of 20.91%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the business posted $0.94 EPS. eBay’s revenue for the quarter was down 17.2% on a year-over-year basis. On average, equities research analysts expect that eBay will post 3.23 earnings per share for the current fiscal year.

Insider Activity at eBay

In other eBay news, CAO Brian J. Doerger sold 7,942 shares of eBay stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $45.16, for a total value of $358,660.72. Following the completion of the transaction, the chief accounting officer now directly owns 18,562 shares of the company’s stock, valued at $838,259.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, CAO Brian J. Doerger sold 7,942 shares of eBay stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $45.16, for a total value of $358,660.72. Following the completion of the transaction, the chief accounting officer now directly owns 18,562 shares of the company’s stock, valued at $838,259.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian J. Doerger sold 3,633 shares of eBay stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $47.95, for a total transaction of $174,202.35. Following the completion of the transaction, the chief accounting officer now directly owns 14,929 shares of the company’s stock, valued at $715,845.55. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of eBay by 2.1% during the first quarter. BlackRock Inc. now owns 46,538,155 shares of the e-commerce company’s stock valued at $2,664,774,000 after purchasing an additional 942,074 shares during the last quarter. State Street Corp grew its position in eBay by 0.5% during the fourth quarter. State Street Corp now owns 29,031,276 shares of the e-commerce company’s stock valued at $1,930,580,000 after buying an additional 150,255 shares during the period. Nordea Investment Management AB grew its position in eBay by 34.3% during the first quarter. Nordea Investment Management AB now owns 13,435,649 shares of the e-commerce company’s stock valued at $783,433,000 after buying an additional 3,428,575 shares during the period. Maj Invest Holding A S grew its position in eBay by 44.9% during the first quarter. Maj Invest Holding A S now owns 6,926,387 shares of the e-commerce company’s stock valued at $396,604,000 after buying an additional 2,147,372 shares during the period. Finally, Mirova US LLC grew its position in eBay by 6.6% during the second quarter. Mirova US LLC now owns 6,417,384 shares of the e-commerce company’s stock valued at $267,417,000 after buying an additional 394,840 shares during the period. 88.99% of the stock is owned by hedge funds and other institutional investors.

eBay Company Profile

(Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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