eBay (NASDAQ:EBAY) Receives Hold Rating from SunTrust Banks

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SunTrust Banks reissued their hold rating on shares of eBay (NASDAQ:EBAY) in a report published on Friday, TipRanks reports. The brokerage currently has a $40.00 price objective on the e-commerce company’s stock.

Several other brokerages have also issued reports on EBAY. Credit Suisse Group set a $48.00 target price on eBay and gave the stock a buy rating in a research report on Friday, October 11th. Wells Fargo & Co increased their target price on eBay from $43.00 to $45.00 and gave the stock a market perform rating in a research report on Monday. Benchmark decreased their target price on eBay from $50.00 to $47.00 and set a buy rating for the company in a research report on Wednesday, October 23rd. Guggenheim reissued a hold rating on shares of eBay in a research report on Monday, November 25th. Finally, Deutsche Bank reissued a neutral rating and issued a $42.00 target price on shares of eBay in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $42.77.

Shares of NASDAQ:EBAY traded down $0.62 during trading on Friday, hitting $34.90. The stock had a trading volume of 10,174,388 shares, compared to its average volume of 9,397,965. eBay has a 12 month low of $26.01 and a 12 month high of $42.00. The company has a market capitalization of $28.90 billion, a PE ratio of 19.72, a PEG ratio of 1.51 and a beta of 1.37. The firm’s fifty day moving average is $36.34 and its 200 day moving average is $38.47. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. eBay had a return on equity of 41.12% and a net margin of 18.33%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The business’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that eBay will post 2.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.60%. eBay’s payout ratio is currently 31.64%.

In other eBay news, SVP Wendy Elizabeth Jones sold 7,878 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total transaction of $281,480.94. Following the sale, the senior vice president now directly owns 39,000 shares in the company, valued at approximately $1,393,470. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Devin Wenig sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total value of $398,600.00. Following the sale, the chief executive officer now owns 1,022,419 shares in the company, valued at $40,753,621.34. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Virtus ETF Advisers LLC purchased a new position in shares of eBay in the 2nd quarter worth $25,000. Venturi Wealth Management LLC purchased a new position in shares of eBay in the 3rd quarter worth $26,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of eBay in the 2nd quarter worth $30,000. Doyle Wealth Management purchased a new position in shares of eBay in the 2nd quarter worth $39,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of eBay in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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