BidaskClub Lowers eBay (EBAY) to Buy

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BidaskClub cut shares of eBay (NASDAQ:EBAY) from a strong-buy rating to a buy rating in a research note released on Tuesday.

A number of other research firms have also recently weighed in on EBAY. Barclays upped their price target on eBay to $46.00 and gave the stock an overweight rating in a report on Monday, March 4th. ValuEngine cut eBay from a hold rating to a sell rating in a report on Tuesday, March 5th. DA Davidson upped their price target on eBay to $44.00 and gave the stock a buy rating in a report on Monday, March 4th. Credit Suisse Group reduced their target price on eBay from $52.00 to $42.00 and set an outperform rating for the company in a research note on Monday, January 28th. Finally, Citigroup reiterated a buy rating and set a $42.00 target price (up from $41.00) on shares of eBay in a research note on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $39.13.

NASDAQ EBAY opened at $36.35 on Tuesday. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.77 and a beta of 1.36. eBay has a fifty-two week low of $26.01 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.60.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a return on equity of 27.40% and a net margin of 23.54%. As a group, sell-side analysts forecast that eBay will post 2.15 earnings per share for the current fiscal year.

The company also recently declared a Not Available dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, February 28th. eBay’s dividend payout ratio is currently 24.14%.

In other eBay news, VP Brian J. Doerger sold 10,185 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the sale, the vice president now directly owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Holmes Swan bought 17,787 shares of the company’s stock in a transaction on Wednesday, January 2nd. The stock was bought at an average cost of $28.21 per share, for a total transaction of $501,771.27. Following the completion of the transaction, the director now directly owns 289,207 shares of the company’s stock, valued at $8,158,529.47. The disclosure for this purchase can be found here. Corporate insiders own 6.22% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. DNB Asset Management AS increased its position in eBay by 760.6% in the fourth quarter. DNB Asset Management AS now owns 2,196,053 shares of the e-commerce company’s stock worth $61,643,000 after buying an additional 1,940,887 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of eBay during the fourth quarter valued at $42,000. Nisa Investment Advisors LLC increased its holdings in shares of eBay by 5.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 401,589 shares of the e-commerce company’s stock valued at $11,273,000 after purchasing an additional 19,015 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of eBay by 34.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 270,862 shares of the e-commerce company’s stock valued at $7,603,000 after purchasing an additional 69,226 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of eBay by 74.8% during the third quarter. Nordea Investment Management AB now owns 17,883,506 shares of the e-commerce company’s stock valued at $590,516,000 after purchasing an additional 7,651,060 shares during the period. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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