eBay (NASDAQ:EBAY) Given New $35.00 Price Target at Morgan Stanley

eBay (NASDAQ:EBAY) had its price objective lowered by Morgan Stanley from $37.00 to $35.00 in a report released on Tuesday morning, 24/7 WallStreet reports. Morgan Stanley currently has an equal weight rating on the e-commerce company’s stock.

Other analysts have also issued reports about the company. Canaccord Genuity raised their price target on eBay from $38.00 to $40.00 and gave the stock a hold rating in a research note on Thursday, July 18th. ValuEngine lowered eBay from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Robert W. Baird set a $46.00 price target on eBay and gave the stock a buy rating in a research note on Tuesday, October 8th. Deutsche Bank raised their price target on eBay from $42.00 to $46.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Finally, BidaskClub lowered eBay from a buy rating to a hold rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $42.22.

Shares of EBAY traded down $0.13 during trading hours on Tuesday, reaching $38.96. 3,417,105 shares of the company traded hands, compared to its average volume of 7,032,374. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $32.61 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.38. eBay has a fifty-two week low of $26.01 and a fifty-two week high of $42.00. The stock has a fifty day simple moving average of $39.45 and a 200 day simple moving average of $38.77.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.19. eBay had a return on equity of 36.67% and a net margin of 22.12%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts predict that eBay will post 2.23 EPS for the current fiscal year.

In other news, CEO Devin Wenig sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the transaction, the chief executive officer now directly owns 1,022,419 shares in the company, valued at approximately $40,753,621.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kristin A. Yetto sold 6,254 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.85, for a total value of $255,475.90. Following the completion of the transaction, the senior vice president now owns 73,700 shares in the company, valued at $3,010,645. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 232,942 shares of company stock worth $9,663,057. Company insiders own 6.22% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Chemical Bank raised its holdings in shares of eBay by 87.9% during the 2nd quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock valued at $1,170,000 after buying an additional 13,856 shares during the period. Harrington Investments INC raised its holdings in shares of eBay by 5.2% during the 2nd quarter. Harrington Investments INC now owns 26,591 shares of the e-commerce company’s stock valued at $1,050,000 after buying an additional 1,310 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in shares of eBay during the 2nd quarter valued at about $351,000. WINTON GROUP Ltd raised its holdings in shares of eBay by 10.2% during the 2nd quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock valued at $35,781,000 after buying an additional 84,212 shares during the period. Finally, BB&T Securities LLC raised its holdings in shares of eBay by 1.2% during the 2nd quarter. BB&T Securities LLC now owns 299,227 shares of the e-commerce company’s stock valued at $11,819,000 after buying an additional 3,575 shares during the period. Institutional investors and hedge funds own 86.28% of the company’s stock.

eBay Company Profile

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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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