eBay Inc. (NASDAQ:EBAY) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday. They presently have a $32.06 target price on the e-commerce company’s stock. Vetr‘s price target would suggest a potential upside of 12.53% from the company’s previous close.

Several other research firms have also recently weighed in on EBAY. SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $26.00 price objective on shares of eBay in a research report on Monday, July 18th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $27.00 price objective (up previously from $24.00) on shares of eBay in a research report on Monday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of eBay in a research report on Monday, July 18th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of eBay in a research report on Monday, July 18th. Finally, Piper Jaffray Cos. reaffirmed a “hold” rating and set a $25.00 price objective on shares of eBay in a research report on Thursday, July 21st. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.40.

Analyst Recommendations for eBay (NASDAQ:EBAY)

Shares of eBay (NASDAQ:EBAY) opened at 28.49 on Monday. The stock’s 50 day moving average is $30.16 and its 200 day moving average is $28.18. eBay has a 12 month low of $21.51 and a 12 month high of $33.19. The firm has a market cap of $31.85 billion, a PE ratio of 18.30 and a beta of 1.33.

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

In related news, SVP Raymond J. Pittman sold 39,030 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the sale, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jae Hyun Lee sold 5,625 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $31.02, for a total value of $174,487.50. Following the completion of the sale, the senior vice president now directly owns 101,529 shares in the company, valued at $3,149,429.58. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Magellan Asset Management Ltd boosted its stake in shares of eBay by 16.1% in the second quarter. Magellan Asset Management Ltd now owns 42,152,135 shares of the e-commerce company’s stock valued at $986,781,000 after buying an additional 5,833,160 shares during the last quarter. Boston Partners boosted its stake in shares of eBay by 5.3% in the third quarter. Boston Partners now owns 26,671,175 shares of the e-commerce company’s stock valued at $877,482,000 after buying an additional 1,342,624 shares during the last quarter. Jackson Square Partners LLC boosted its stake in shares of eBay by 0.7% in the third quarter. Jackson Square Partners LLC now owns 24,769,943 shares of the e-commerce company’s stock valued at $814,931,000 after buying an additional 161,127 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in shares of eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 23,263,787 shares of the e-commerce company’s stock valued at $544,605,000 after buying an additional 3,485,706 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of eBay by 21.7% in the third quarter. Bank of New York Mellon Corp now owns 21,431,478 shares of the e-commerce company’s stock valued at $705,096,000 after buying an additional 3,824,572 shares during the last quarter. 82.62% of the stock is currently 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

Receive News & Stock Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related stocks with our FREE daily email newsletter.