eBay Inc (EBAY) is Upgraded by Deutsche Bank to Buy, Raises Price Target to $ 40

eBay Inc (EBAY) was Upgraded by Deutsche Bank to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $30 . Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on Sep 29, 2016.

Many Wall Street Analysts have commented on eBay Inc. Company shares were Reiterated by Axiom Capital on Sep 14, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Company shares were Reiterated by Axiom Capital on Sep 13, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Hilliard Lyons Initiated eBay Inc on Aug 30, 2016 to “Long-term Buy”, Price Target of the shares are set at $35.

On the company’s financial health, eBay Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.42. The company had revenue of $2230.00 million for the quarter, compared to analysts expectations of $2173.50 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

eBay Inc opened for trading at $31.8 and hit $32.105 on the upside on Tuesday, eventually ending the session at $31.94, with a gain of 0.85% or 0.27 points. The heightened volatility saw the trading volume jump to 59,14,060 shares. Company has a market cap of $36,061 M.

In a different news, on Sep 2, 2016, Jae Hyun Lee (SVP, Asia Pacific) sold 16,559 shares at $31.85 per share price. According to the SEC, on Sep 1, 2016, Raymond J Pittman (SVP, Chief Product Officer) sold 39,030 shares at $32.14 per share price. On Sep 1, 2016, Robert Holmes Swan (director) sold 50,000 shares at $31.95 per share price, according to the Form-4 filing with the securities and exchange commission.

eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Company’s segments include Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts as well as other online platforms such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula BilBasen dba.dk eBay Classifieds (eBay Classifieds eBay Kleinanzeigen and eBay Annunci) Gumtree Kijiji iBazar 2dehands.be 2ememain.be LoQUo Marktplaats.nl and mobile.de. It also offers trust and safety programs including PayPal’s Seller Protection and Purchase Protection Programs through its PayPal. It offers mobile applications for iPhone iPad Android and Windows mobile devices.

eBay Inc

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