eBay Inc (EBAY) is Initiated by Maxim Group to Buy, Price Target at $36

eBay Inc (EBAY) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $36. Maxim Group advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on eBay Inc. Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 28 from a previous price target of $29 .eBay Inc was Downgraded by Morgan Stanley to ” Underweight” on Apr 19, 2016. Shares were Downgraded by Barclays on Mar 29, 2016 to ” Underweight” and Lowered the Price Target to $ 25 from a previous price target of $28 .

On the company’s financial health, eBay Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.45. The company had revenue of $2137.00 million for the quarter, compared to analysts expectations of $2081.10 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

eBay Inc opened for trading at $24.54 and hit $24.765 on the upside on Tuesday, eventually ending the session at $24.7, with a gain of 0.53% or 0.13 points. The heightened volatility saw the trading volume jump to 78,63,146 shares. Company has a market cap of $28,378 M.

In a different news, on Jun 1, 2016, Raymond J Pittman (SVP, Chief Product Officer) sold 25,000 shares at $24.24 per share price. According to the SEC, on May 24, 2016, Brian J. Doerger (VP, Chief Accounting Officer) sold 14,474 shares at $24.08 per share price. On May 3, 2016, Kristin A Yetto (SVP, Chief People Officer) sold 10,630 shares at $24.11 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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