Wedbush reissued their neutral rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note published on Thursday. The firm currently has a $34.00 price target on the e-commerce company’s stock, up from their previous price target of $29.00.

A number of other research analysts also recently issued reports on the company. Deutsche Bank AG reiterated a buy rating and issued a $40.00 price target on shares of eBay in a report on Wednesday. Argus reiterated a buy rating and issued a $36.00 price target on shares of eBay in a report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a buy rating in a report on Thursday, July 21st. Robert W. Baird reiterated an outperform rating and issued a $35.00 price target on shares of eBay in a report on Monday, August 1st. Finally, Axiom Securities reiterated a buy rating and issued a $34.00 price target (up from $30.00) on shares of eBay in a report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. eBay presently has an average rating of Hold and a consensus price target of $33.66.

Analyst Recommendations for eBay (NASDAQ:EBAY)

eBay (NASDAQ:EBAY) traded up 1.761% during mid-day trading on Thursday, reaching $32.065. The company had a trading volume of 4,134,949 shares. The firm has a market capitalization of $36.20 billion, a PE ratio of 19.708 and a beta of 1.17. eBay has a 52 week low of $21.52 and a 52 week high of $33.19. The stock’s 50-day moving average price is $31.98 and its 200 day moving average price is $27.38.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $0.42 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that eBay will post $1.89 EPS for the current year.

In other news, VP Brian J. Doerger sold 23,958 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jae Hyun Lee sold 3,222 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $31.53, for a total transaction of $101,589.66. Following the sale, the senior vice president now directly owns 107,154 shares of the company’s stock, valued at $3,378,565.62. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in EBAY. Parametric Risk Advisors LLC bought a new stake in shares of eBay during the first quarter valued at about $143,000. Altrinsic Global Advisors LLC raised its position in eBay by 50.3% in the first quarter. Altrinsic Global Advisors LLC now owns 2,238,554 shares of the e-commerce company’s stock valued at $53,412,000 after buying an additional 749,254 shares during the last quarter. AXA raised its position in eBay by 4.8% in the first quarter. AXA now owns 362,367 shares of the e-commerce company’s stock valued at $8,646,000 after buying an additional 16,573 shares during the last quarter. Pictet Asset Management Ltd. raised its position in eBay by 2.6% in the first quarter. Pictet Asset Management Ltd. now owns 1,947,571 shares of the e-commerce company’s stock valued at $46,352,000 after buying an additional 49,582 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in eBay by 5.7% in the first quarter. Primecap Management Co. CA now owns 8,303,100 shares of the e-commerce company’s stock valued at $198,112,000 after buying an additional 446,600 shares during the last quarter. 82.00% of the stock is owned by institutional investors.

About eBay

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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