eBay (NASDAQ:EBAY) PT Raised to $44.00

eBay (NASDAQ:EBAY) had its target price hoisted by Robert W. Baird from $38.00 to $44.00 in a research note published on Tuesday, January 9th. They currently have an outperform rating on the e-commerce company’s stock.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets raised eBay from a market perform rating to an outperform rating and set a $40.00 target price for the company in a research report on Monday, December 4th. SunTrust Banks reissued a hold rating and issued a $38.00 target price on shares of eBay in a research report on Friday, November 17th. Piper Jaffray Companies set a $34.00 target price on eBay and gave the company a hold rating in a research report on Wednesday, October 11th. Guggenheim assumed coverage on eBay in a research report on Friday, October 20th. They issued a neutral rating for the company. Finally, BidaskClub raised eBay from a sell rating to a hold rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have assigned a buy rating to the stock. eBay currently has an average rating of Hold and an average price target of $38.88.

eBay (NASDAQ EBAY) traded up $0.31 during mid-day trading on Tuesday, hitting $37.99. The company had a trading volume of 12,245,735 shares, compared to its average volume of 8,940,000. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay has a 52-week low of $29.69 and a 52-week high of $40.13. The stock has a market cap of $39,680.00, a P/E ratio of 5.61, a PEG ratio of 2.65 and a beta of 1.34.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the business earned $0.45 EPS. eBay’s revenue was up 8.7% on a year-over-year basis. sell-side analysts expect that eBay will post 1.65 EPS for the current fiscal year.

In other eBay news, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the transaction, the vice president now directly owns 23,392 shares of the company’s stock, valued at $836,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the completion of the transaction, the senior vice president now directly owns 74,334 shares in the company, valued at $2,644,803.72. The disclosure for this sale can be found here. Insiders sold 184,242 shares of company stock worth $6,842,297 in the last quarter. 6.78% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its position in eBay by 2.5% in the third quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after purchasing an additional 128,728 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of eBay by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after acquiring an additional 668,503 shares during the last quarter. Colony Group LLC purchased a new stake in shares of eBay during the second quarter worth about $213,000. Canada Pension Plan Investment Board increased its position in shares of eBay by 19.1% during the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock worth $123,651,000 after acquiring an additional 515,634 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of eBay by 11.0% during the third quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock worth $14,574,000 after acquiring an additional 37,654 shares during the last quarter. 85.93% of the stock is currently owned by institutional investors.

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About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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