Todays Report: Today, Vetr Inc. lowers the Stock rating of eBay Inc. (EBAY)

Today, Vetr Inc. lowers the Stock rating of eBay Inc. (EBAY)

eBay Inc. (NASDAQ:EBAY) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday. They presently have a $32.06 target price on the e-commerce company’s stock. Vetr‘s price target points to a potential upside of 10.74% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Pacific Crest lowered shares of eBay to a “sell” rating in a report on Saturday, October 1st. Canaccord Genuity restated a “hold” rating and issued a $28.00 price objective on shares of eBay in a report on Tuesday, October 4th. Citigroup Inc. restated a “buy” rating and issued a $34.00 price objective on shares of eBay in a report on Thursday, October 20th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $35.00 price objective (up from $34.00) on shares of eBay in a report on Thursday, October 20th. Finally, Morgan Stanley restated an “underweight” rating and issued a $26.00 price objective (up from $24.00) on shares of eBay in a report on Thursday, October 20th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.59.

eBay (NASDAQ:EBAY) traded up 0.17% during trading on Monday, hitting $28.95. The stock had a trading volume of 3,076,016 shares. eBay has a 52-week low of $21.51 and a 52-week high of $33.19. The company has a market cap of $32.36 billion, a price-to-earnings ratio of 18.59 and a beta of 1.33. The company has a 50-day moving average price of $29.57 and a 200-day moving average price of $28.36.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. eBay had a return on equity of 28.67% and a net margin of 20.29%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts forecast that eBay will post $1.88 EPS for the current year.

In other eBay news, CAO Brian J. Doerger sold 18,000 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $28.93, for a total value of $520,740.00. Following the completion of the transaction, the chief accounting officer now owns 39,947 shares of the company’s stock, valued at $1,155,666.71. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Stephen Fisher sold 39,764 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the completion of the transaction, the senior vice president now directly owns 120,563 shares of the company’s stock, valued at approximately $3,520,439.60. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aberdeen Asset Management PLC UK boosted its position in eBay by 4.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 912,913 shares of the e-commerce company’s stock worth $21,372,000 after buying an additional 41,593 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock worth $18,629,000 after buying an additional 25,907 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in eBay by 11.7% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 210,400 shares of the e-commerce company’s stock worth $4,925,000 after buying an additional 22,000 shares in the last quarter. Sadoff Investment Management LLC boosted its position in eBay by 4.5% in the third quarter. Sadoff Investment Management LLC now owns 444,745 shares of the e-commerce company’s stock worth $14,632,000 after buying an additional 19,289 shares in the last quarter. Finally, Davis R M Inc. boosted its position in eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock worth $281,000 after buying an additional 3,200 shares in the last quarter. 81.62% of the stock is owned by institutional investors and hedge funds.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

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