EBay Inc. (EBAY) Rating Reiterated by Aegis

21 Juillet, 2017, 01:21 | Author: Marc Bacque
  • EBay Inc. (EBAY) Rating Reiterated by Aegis

Revenue will be $2.35 billion to $2.39 billion, San Jose, California-based EBay said Thursday in a statement.

EBay reported gross merchandise volume, the value of all goods sold, increased 3 percent to $21.5 billion in the second quarter, up marginally from a 2.4 percent growth rate in the previous period. The fund owned 20,929 shares of the e-commerce company's stock after buying an additional 2,529 shares during the period. Westside Investment Management Inc. raised its stake in eBay by 284.0% in the first quarter.

As the earnings date approaches, we can see that insider ownership is now 0.20% shares, and institutional ownership is at 86.70% for eBay Inc. River & Mercantile Asset Management LLP acquired a new position in shares of eBay during the fourth quarter valued at $2,738,000. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company's stock valued at $11,372,000 after buying an additional 4,400 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in eBay by 1.1% in the first quarter. Company insiders own 6.78% of the company's stock.

Kenmare Capital Partners Llc, which manages about $131.80 million US Long portfolio, decreased its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA) by 255,031 shares to 535,254 shares, valued at $15.01M in 2016Q4, according to the filing. Boston Partners increased its position in eBay by 1.9% in the first quarter. Insiders sold 85,712 shares of company stock valued at $2,877,612 in the last quarter. Ebay Inc now has $39.56B valuation. (NASDAQ:EBAY) shares have been recently spotted 0.05% away from the 52-week high, and 41.04% away from the 52-week low mark.

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IBD'S TAKE: EBay has a healthy IBD Composite Rating of 85 out of a possible 99 and is also trading above its 50-day moving average. EBay is now the smaller of the two companies, with a market cap of $40 billion, versus PayPal's $70 billion. Investors purchased 2,194 put options on the stock. This represents an increase of 231% compared to the typical daily volume of 663 put options. During the same quarter last year, the company earned $0.47 earnings per share. eBay's revenue for the quarter was up 3.7% on a year-over-year basis. The e-commerce company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. eBay had a return on equity of 20.44% and a net margin of 86.31%. Equities research analysts anticipate that eBay will post $2.01 EPS for the current fiscal year. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and worldwide copyright legislation.

Several brokerages have recently weighed in on EBAY. Robert W. Baird reaffirmed an "outperform" rating on shares of eBay in a report on Monday, July 3rd. RBC Capital Markets maintained eBay Inc (NASDAQ:EBAY) on Thursday, June 29 with "Hold" rating. Finally, Jefferies Group LLC reissued a "hold" rating and set a $36.00 price target on shares of eBay in a report on Tuesday, May 2nd. Argus increased their price target on eBay from $36.00 to $39.00 and gave the company a buy rating in a research note on Wednesday, April 12th.

Among 38 analysts covering eBay Inc (NASDAQ:EBAY), 19 have Buy rating, 3 Sell and 16 Hold. Royal Bank Of Canada restated a "hold" rating and set a $34.00 price objective on shares of eBay in a research report on Thursday, April 13th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00.

In related news, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the sale, the senior vice president now owns 109,468 shares in the company, valued at $3,541,289.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. TIERNEY THOMAS J also sold $200,157 worth of eBay Inc (NASDAQ:EBAY) shares. Following the transaction, the vice president now owns 33,604 shares in the company, valued at approximately $1,128,086.28.

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