Is eBay (EBAY) a Buy or a Sell? What Does Wedbush Think?

September 15, 2018 - By Eugene Smith

eBay Inc. (NASDAQ:EBAY) Logo

Investors sentiment increased to 0.93 in 2018 Q2. Its up 0.14, from 0.79 in 2018Q1. It is positive, as 61 investors sold eBay Inc. shares while 271 reduced holdings. 86 funds opened positions while 222 raised stakes. 810.72 million shares or 2.92% less from 835.10 million shares in 2018Q1 were reported.

Prio Wealth Limited Partnership has 0.86% invested in eBay Inc. (NASDAQ:EBAY) for 482,624 shares. Horizon Kinetics Lc holds 64,146 shares. Dsc Limited Partnership reported 8,100 shares. Natl Bank Of Mellon reported 0.12% of its portfolio in eBay Inc. (NASDAQ:EBAY). Palo Capital holds 0.95% or 71,711 shares in its portfolio. Td Asset Mngmt has 0.02% invested in eBay Inc. (NASDAQ:EBAY). 1832 Asset Management L P has 0% invested in eBay Inc. (NASDAQ:EBAY) for 24,099 shares. Massachusetts-based Panagora Asset Mgmt has invested 0.02% in eBay Inc. (NASDAQ:EBAY). Natixis Ltd Partnership accumulated 291,117 shares or 0.1% of the stock. Comerica Secs stated it has 10,996 shares or 0.05% of all its holdings. 26,903 are owned by Element Capital Ltd Limited Liability Company. The New York-based Kingstown Capital Management L P has invested 5.66% in eBay Inc. (NASDAQ:EBAY). Investec Asset Mngmt North America Incorporated reported 47,238 shares. Moon Capital L P holds 9.69% or 471,044 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys holds 0.13% or 1.38 million shares in its portfolio.

Since April 20, 2018, it had 0 insider purchases, and 7 insider sales for $5.56 million activity. 26,204 shares valued at $919,176 were sold by Lee Jae Hyun on Wednesday, August 29. Jones Wendy Elizabeth had sold 10,516 shares worth $354,179 on Monday, July 23. 41,444 shares valued at $1.76 million were sold by SWAN ROBERT HOLMES on Friday, April 20. Shares for $1.35M were sold by Huber Marie Oh on Wednesday, May 16. Doerger Brian J. had sold 9,232 shares worth $352,226 on Friday, May 25.

Why Has Wedbush Given eBay (EBAY) a $36.0 Price Target

In analysts report revealed to clients on Friday, 14 September, professional analysts at Wedbush started coverage for eBay (EBAY) shares. The firm has decided to set a “Neutral” rating along with a $36.0, adding 4.53 % to the target.

The stock decreased 0.99% or $0.34 during the last trading session, reaching $34.1. About 5.38 million shares traded. eBay Inc. (EBAY) has declined 10.27% since September 15, 2017 and is downtrending. It has underperformed by 25.89% the S&P500.

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on October, 17. They expect $0.44 earnings per share, up 12.82 % or $0.05 from last year’s $0.39 per share. EBAY’s profit will be $435.41 million for 19.38 P/E if the $0.44 EPS becomes a reality. After $0.39 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts 12.82 % EPS growth.

eBay Inc. operates commerce platforms that connect various buyers and sellers worldwide. The company has market cap of $33.74 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: Seekingalpha.com which released: “Facebook’s Next Big Opportunity Is eBay’s Worse Nightmare” on August 20, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” published on September 14, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Adobe, Corning, Costco, GrubHub, Kroger, Micron, Shopify, SLM, Walmart …” on September 14, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Seekingalpha.com and their article: “eBay: Ignored Upside” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “European Parliament backs tougher copyright rules” with publication date: September 12, 2018.

eBay Inc. (NASDAQ:EBAY) Institutional Positions Chart

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