eBay Inc. (NASDAQ:EBAY)‘s stock had its “outperform” rating restated by investment analysts at Robert W. Baird in a research note issued on Thursday. They presently have a $35.00 target price on the e-commerce company’s stock. Robert W. Baird’s target price indicates a potential upside of 22.21% from the company’s previous close.

EBAY has been the subject of several other research reports. Susquehanna reaffirmed a “positive” rating and set a $34.00 price objective (up previously from $32.00) on shares of eBay in a research report on Thursday, July 21st. Mizuho raised their price objective on shares of eBay from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Axiom Securities raised their price objective on shares of eBay from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Finally, Credit Suisse Group AG raised their price objective on shares of eBay from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. eBay presently has a consensus rating of “Hold” and a consensus target price of $34.40.

Analyst Recommendations for eBay (NASDAQ:EBAY)

Shares of eBay (NASDAQ:EBAY) opened at 28.64 on Thursday. The company has a market cap of $32.02 billion, a price-to-earnings ratio of 18.39 and a beta of 1.33. The stock has a 50 day moving average of $30.36 and a 200-day moving average of $28.08. eBay has a 12 month low of $21.51 and a 12 month high of $33.19.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business earned $2.22 billion during the quarter, compared to the consensus estimate of $2.19 billion. eBay had a net margin of 20.29% and a return on equity of 28.67%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, analysts forecast that eBay will post $1.88 EPS for the current year.

In other eBay news, SVP Jae Hyun Lee sold 5,625 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $31.02, for a total value of $174,487.50. Following the transaction, the senior vice president now directly owns 101,529 shares of the company’s stock, valued at $3,149,429.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.95, for a total value of $1,597,500.00. Following the completion of the transaction, the director now directly owns 375,928 shares in the company, valued at $12,010,899.60. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mycio Wealth Partners LLC boosted its position in shares of eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares during the last quarter. Washington Trust Bank boosted its position in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares during the last quarter. Physicians Financial Services Inc. boosted its position in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock valued at $112,000 after buying an additional 960 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.

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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