eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They currently have a $40.00 price objective on the e-commerce company’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 26.98% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald reaffirmed a “hold” rating on shares of eBay in a research report on Saturday, July 9th. Pacific Crest downgraded shares of eBay to a “sell” rating in a research report on Saturday, October 1st. Sanford C. Bernstein set a $41.00 target price on shares of eBay and gave the company a “buy” rating in a research report on Wednesday. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Monness Crespi & Hardt raised their target price on shares of eBay from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.45.

Analyst Recommendations for eBay (NASDAQ:EBAY)

Shares of eBay (NASDAQ:EBAY) traded up 0.13% on Wednesday, hitting $31.50. 6,345,294 shares of the stock were exchanged. The firm has a market capitalization of $35.56 billion, a PE ratio of 19.36 and a beta of 1.17. eBay has a one year low of $21.52 and a one year high of $33.19. The company has a 50-day moving average price of $31.95 and a 200-day moving average price of $27.32.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that eBay will post $1.89 earnings per share for the current year.

In other news, SVP Kristin A. Yetto sold 17,596 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.79, for a total value of $541,780.84. Following the completion of the transaction, the senior vice president now directly owns 19,346 shares in the company, valued at $595,663.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian J. Doerger sold 23,958 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EBAY. Quadrant Capital Group LLC raised its position in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock worth $125,000 after buying an additional 42 shares during the period. Fulton Bank N.A. raised its position in eBay by 0.7% in the third quarter. Fulton Bank N.A. now owns 9,042 shares of the e-commerce company’s stock worth $298,000 after buying an additional 63 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock worth $676,000 after buying an additional 91 shares during the period. Rathbone Brothers plc raised its position in eBay by 0.4% in the second quarter. Rathbone Brothers plc now owns 33,545 shares of the e-commerce company’s stock worth $785,000 after buying an additional 140 shares during the period. Finally, FineMark National Bank & Trust raised its position in eBay by 2.4% in the second quarter. FineMark National Bank & Trust now owns 6,200 shares of the e-commerce company’s stock worth $146,000 after buying an additional 143 shares during the period. Institutional investors own 82.00% of the company’s stock.

eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

5 Day Chart for NASDAQ:EBAY

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