Breaking: eBay (NASDAQ:EBAY) “Buy” Rating Kept at Bank of America Today; The Target Price is $46

July 13, 2018 - By Theresa Judd

eBay Inc. (NASDAQ:EBAY) Logo

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.13, from 0.92 in 2017Q4. It worsened, as 44 investors sold eBay Inc. shares while 314 reduced holdings. 103 funds opened positions while 180 raised stakes. 835.10 million shares or 4.08% less from 870.62 million shares in 2017Q4 were reported.

D E Shaw & Com Inc holds 8.79 million shares. Massmutual Tru Communications Fsb Adv owns 184 shares for 0% of their portfolio. Boston Partners owns 21.10M shares for 1.02% of their portfolio. Hl Fincl Svcs Ltd Liability Corporation invested in 47,980 shares or 0.03% of the stock. Cadence Financial Bank Na owns 0.1% invested in eBay Inc. (NASDAQ:EBAY) for 6,098 shares. Louisiana State Employees Retirement System invested 0.11% in eBay Inc. (NASDAQ:EBAY). Ubs Asset Mngmt Americas stated it has 3.69 million shares or 0% of all its holdings. Fincl Bank Pictet And Cie (Asia) accumulated 10,361 shares or 0.2% of the stock. Dupont Capital Mngmt invested in 88,642 shares or 0.09% of the stock. Pinebridge Invs Ltd Partnership holds 1,851 shares. Mackenzie Fin Corp has 1.05 million shares. Virtu owns 49,188 shares or 0.11% of their US portfolio. Oppenheimer And Comm stated it has 0.04% of its portfolio in eBay Inc. (NASDAQ:EBAY). Millennium Lc reported 0.34% stake. Canada Pension Plan Investment Board holds 3.49 million shares.

Since February 5, 2018, it had 0 buys, and 10 sales for $14.64 million activity. $1.35M worth of eBay Inc. (NASDAQ:EBAY) was sold by Huber Marie Oh. SWAN ROBERT HOLMES had sold 41,444 shares worth $1.76M on Friday, April 20. $355,077 worth of eBay Inc. (NASDAQ:EBAY) was sold by Lee Jae Hyun on Wednesday, May 16. Jones Wendy Elizabeth sold 9,800 shares worth $422,019. The insider FISHER STEPHEN sold 22,561 shares worth $991,946. Schenkel Scott F. sold 131,332 shares worth $5.68 million.

eBay (NASDAQ:EBAY) Rating Reaffirmed

The company has just set a target price of $46 on eBay (NASDAQ:EBAY) shares. This is 22.31 % from the current price. In an analyst note revealed to investors and clients on Friday morning, Bank of America restate their “Buy” rating on shares of EBAY.

eBay Inc. (NASDAQ:EBAY) Ratings Coverage

Among 24 analysts covering eBay (NASDAQ:EBAY), 13 have Buy rating, 1 Sell and 10 Hold. Therefore 54% are positive. eBay has $60 highest and $40.0 lowest target. $47.55’s average target is 26.43% above currents $37.61 stock price. eBay had 34 analyst reports since January 24, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, April 26 by Macquarie Research. The stock of eBay Inc. (NASDAQ:EBAY) has “Neutral” rating given on Thursday, April 26 by JP Morgan. On Thursday, February 1 the stock rating was maintained by Aegis Capital with “Buy”. The stock has “Buy” rating by SunTrust on Wednesday, January 31. The stock has “Buy” rating by Robert W. Baird on Thursday, February 15. The company was maintained on Thursday, February 1 by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, April 22. RBC Capital Markets upgraded the shares of EBAY in report on Thursday, February 1 to “Outperform” rating. The firm has “Buy” rating given on Thursday, February 1 by Bank of America. The firm earned “Hold” rating on Tuesday, July 10 by SunTrust.

The stock increased 0.16% or $0.06 during the last trading session, reaching $37.61. About 7.21 million shares traded. eBay Inc. (NASDAQ:EBAY) has risen 7.72% since July 13, 2017 and is uptrending. It has underperformed by 4.85% the S&P500.

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on July, 19. They expect $0.39 earnings per share, up 14.71 % or $0.05 from last year’s $0.34 per share. EBAY’s profit will be $387.66M for 24.11 P/E if the $0.39 EPS becomes a reality. After $0.41 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts -4.88 % negative EPS growth.

eBay Inc. operates commerce platforms that connect various buyers and sellers worldwide. The company has market cap of $37.38 billion. The Company’s platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. It currently has negative earnings. The companyÂ’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 Ticketbis platforms that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

More notable recent eBay Inc. (NASDAQ:EBAY) news were published by: Fool.com which released: “eBay Earnings: 3 Metrics to Watch” on July 11, 2018, also Bizjournals.com with their article: “Amazon captures nearly half of all e-commerce sales, report says” published on July 13, 2018, Fool.com published: “Better Buy: Shopify Inc. (SHOP) vs. eBay (EBAY)” on July 07, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: American Tower, AutoNation, Biogen, CarMax, Chipotle, eBay, PG&E …” published on July 10, 2018 as well as Streetinsider.com‘s news article titled: “eBay (EBAY) PT Lowered to $46 at BofA/Merrill Lynch Ahead of 2Q Release” with publication date: July 13, 2018.

eBay Inc. (NASDAQ:EBAY) Institutional Positions Chart

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