eBay Inc (EBAY) is Reiterated by Monness Crespi & Hardt to Buy, Raises Price Target to $ 35

eBay Inc (EBAY) was Reiterated by Monness Crespi & Hardt to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $32 . Monness Crespi & Hardt advised their investors in a research report released on Oct 18, 2016.

Many Wall Street Analysts have commented on eBay Inc. Company shares were Reiterated by The Benchmark Company on Oct 17, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Wedbush Resumed eBay Inc on Oct 13, 2016 to “Neutral”, Price Target of the shares are set at $34.Company shares were Upgraded by Deutsche Bank on Sep 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $30 .

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 $31.82 and hit $32.24 on the upside on Friday, eventually ending the session at $31.89, with a gain of 1.21% or 0.38 points. The heightened volatility saw the trading volume jump to 1,43,92,280 shares. Company has a market cap of $36,004 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.

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