Trade Report: Today, FY2018 Earnings Estimate for eBay Inc. (EBAY) Issued By SunTrust Banks

Today, FY2018 Earnings Estimate for eBay Inc. (EBAY) Issued By SunTrust Banks

eBay Inc. (NASDAQ:EBAY) – Investment analysts at SunTrust Banks raised their FY2018 EPS estimates for eBay in a report released on Thursday. SunTrust Banks analyst R. Peck now expects that the firm will earn $1.92 per share for the year, up from their prior estimate of $1.81. SunTrust Banks currently has a “Hold” rating and a $33.00 price target on the stock.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. eBay’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share.

EBAY has been the topic of a number of other reports. Susquehanna restated a “positive” rating and set a $34.00 price target (up from $32.00) on shares of eBay in a research report on Thursday, July 21st. Mizuho increased their price target on eBay from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Robert W. Baird restated a “buy” rating and set a $30.00 price target on shares of eBay in a research report on Tuesday, July 12th. Finally, Axiom Securities increased their price target on eBay from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.66.

Shares of eBay (NASDAQ:EBAY) opened at 31.89 on Monday. eBay has a 12 month low of $21.52 and a 12 month high of $33.19. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 19.60 and a beta of 1.17. The stock’s 50 day moving average price is $31.99 and its 200-day moving average price is $27.43.

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Parametric Risk Advisors LLC bought a new position in eBay during the first quarter valued at approximately $143,000. Altrinsic Global Advisors LLC increased its position in eBay by 50.3% in the first quarter. Altrinsic Global Advisors LLC now owns 2,238,554 shares of the e-commerce company’s stock valued at $53,412,000 after buying an additional 749,254 shares in the last quarter. AXA increased its position in eBay by 4.8% in the first quarter. AXA now owns 362,367 shares of the e-commerce company’s stock valued at $8,646,000 after buying an additional 16,573 shares in the last quarter. Pictet Asset Management Ltd. increased its position in eBay by 2.6% in the first quarter. Pictet Asset Management Ltd. now owns 1,947,571 shares of the e-commerce company’s stock valued at $46,352,000 after buying an additional 49,582 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in eBay by 5.7% in the first quarter. Primecap Management Co. CA now owns 8,303,100 shares of the e-commerce company’s stock valued at $198,112,000 after buying an additional 446,600 shares in the last quarter. 82.07% of the stock is currently owned by institutional investors.

In related news, VP Brian J. Doerger sold 23,958 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.56, for a total value of $732,156.48. Following the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Raymond J. Pittman sold 39,030 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the completion of the transaction, the senior vice president now directly owns 32,738 shares in the company, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

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