Credit Suisse Has Just Reaffirmed $58 Target Price Per Share on eBay (NASDAQ:EBAY) stock, While They’ve Also Reiterated Their “Outperform” Rating

July 16, 2018 - By Vernon Prom

eBay Inc. (NASDAQ:EBAY) Logo

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.13, from 0.92 in 2017Q4. It is negative, 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.

Nomura invested in 0.05% or 1.47M shares. Fmr Ltd Liability Corporation reported 0.14% stake. Moreover, Bancorp has 0.01% invested in eBay Inc. (NASDAQ:EBAY) for 10,481 shares. Burt Wealth Advsrs invested in 50 shares or 0% of the stock. 83,691 were accumulated by Pub Sector Pension Inv Board. Webster Bancorp N A holds 0% or 300 shares. 5.73 million are held by Ameriprise. Rmsincerbeaux Ltd Llc invested 2.13% in eBay Inc. (NASDAQ:EBAY). Hanson Mcclain Incorporated reported 104 shares. 11,100 were reported by Montag A And. Ingalls And Snyder Ltd has 39,105 shares for 0.08% of their portfolio. Brown Brothers Harriman & Company has 38,977 shares. Scout Invs stated it has 0.18% of its portfolio in eBay Inc. (NASDAQ:EBAY). Pictet And Cie (Europe) Sa stated it has 0.25% of its portfolio in eBay Inc. (NASDAQ:EBAY). Gofen & Glossberg Lc Il holds 5,300 shares or 0.01% of its portfolio.

Since February 5, 2018, it had 0 buys, and 10 sales for $14.64 million activity. Huber Marie Oh had sold 35,631 shares worth $1.35M on Wednesday, May 16. On Friday, February 23 the insider PITTMAN RAYMOND J sold $2.62 million. Shares for $422,019 were sold by Jones Wendy Elizabeth on Thursday, February 22. $355,077 worth of stock was sold by Lee Jae Hyun on Wednesday, May 16. $1.76M worth of eBay Inc. (NASDAQ:EBAY) was sold by SWAN ROBERT HOLMES. 9,232 eBay Inc. (NASDAQ:EBAY) shares with value of $352,226 were sold by Doerger Brian J..

eBay (NASDAQ:EBAY) Rating Reaffirmed

Credit Suisse now has a $58 price target on the $37.31 billion market cap company or 54.50 % upside potential. In a research note sent to investors on Monday, 16 July, eBay (NASDAQ:EBAY) shares have had their “Outperform” Rating restate by expert analysts at Credit Suisse.

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. $47.27’s average target is 25.92% above currents $37.54 stock price. eBay had 35 analyst reports since January 24, 2018 according to SRatingsIntel. The stock of eBay Inc. (NASDAQ:EBAY) earned “Buy” rating by UBS on Thursday, April 26. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, April 22 report. The firm earned “Hold” rating on Thursday, February 1 by Stifel Nicolaus. On Thursday, April 26 the stock rating was maintained by Macquarie Research with “Neutral”. Monness upgraded eBay Inc. (NASDAQ:EBAY) rating on Friday, April 13. Monness has “Buy” rating and $4800 target. KeyBanc Capital Markets reinitiated the stock with “Overweight” rating in Wednesday, April 11 report. The firm has “Outperform” rating by Credit Suisse given on Friday, April 20. The firm earned “Hold” rating on Friday, February 2 by Hilliard Lyons. The firm earned “Buy” rating on Friday, July 13 by Bank of America. The stock of eBay Inc. (NASDAQ:EBAY) earned “Buy” rating by Aegis Capital on Thursday, April 19.

The stock decreased 0.19% or $0.07 during the last trading session, reaching $37.54. About 3.56 million shares traded. eBay Inc. (NASDAQ:EBAY) has risen 7.72% since July 16, 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 $387.65 million for 24.06 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 $37.31 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 Nasdaq.com with their article: “Better Buy: Shopify Inc. (SHOP) vs. eBay (EBAY)” published on July 07, 2018, Nasdaq.com published: “Why eBay Stock Is on the Auction Block” on July 11, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Prnewswire.com and their article: “Thousands of Deals on Top Brands Launch Today on eBay” published on July 16, 2018 as well as Nasdaq.com‘s news article titled: “What to Watch When eBay Posts Earnings Results” with publication date: July 15, 2018.

eBay Inc. (NASDAQ:EBAY) Institutional Positions Chart

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