eBay (EBAY) Given New $40.00 Price Target at DA Davidson

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eBay (NASDAQ:EBAY) had its target price dropped by equities research analysts at DA Davidson to $40.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the e-commerce company’s stock. DA Davidson’s price target points to a potential upside of 34.36% from the stock’s current price. The analysts noted that the move was a valuation call.

EBAY has been the topic of a number of other reports. Stifel Nicolaus reduced their price objective on eBay from $44.00 to $43.00 and set a “hold” rating on the stock in a research note on Thursday, July 19th. BidaskClub cut eBay from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Benchmark reaffirmed a “buy” rating and set a $50.00 price objective on shares of eBay in a research note on Tuesday, October 16th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 price objective on shares of eBay in a research note on Friday, October 19th. Finally, Credit Suisse Group dropped their target price on shares of eBay from $58.00 to $52.00 and set an “outperform” rating for the company in a report on Monday. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.97.

Shares of NASDAQ:EBAY traded up $0.74 on Thursday, reaching $29.77. 627,361 shares of the company traded hands, compared to its average volume of 14,506,054. eBay has a 52 week low of $26.36 and a 52 week high of $46.99. The stock has a market capitalization of $27.13 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.29.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.12% and a negative net margin of 7.93%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that eBay will post 1.82 EPS for the current year.

In other eBay news, SVP Kristin A. Yetto sold 23,648 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $33.54, for a total transaction of $793,153.92. Following the completion of the transaction, the senior vice president now owns 109,116 shares of the company’s stock, valued at $3,659,750.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 4,811 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $34.05, for a total transaction of $163,814.55. Following the transaction, the vice president now directly owns 34,644 shares of the company’s stock, valued at approximately $1,179,628.20. The disclosure for this sale can be found here. Insiders sold 127,642 shares of company stock valued at $4,364,399 over the last 90 days. 6.78% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. bought a new position in shares of eBay during the second quarter valued at approximately $106,000. Valeo Financial Advisors LLC bought a new stake in shares of eBay during the second quarter valued at approximately $107,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of eBay by 15,439.1% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,574 shares of the e-commerce company’s stock valued at $328,000 after acquiring an additional 3,551 shares in the last quarter. NEXT Financial Group Inc bought a new stake in shares of eBay during the third quarter valued at approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of eBay by 223.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock valued at $150,000 after acquiring an additional 2,850 shares in the last quarter. 84.50% of the stock is owned by institutional investors and hedge funds.

eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform 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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