Canaccord Genuity reiterated their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note released on Thursday, May 25th. They currently have a $32.00 price target on the e-commerce company’s stock.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $39.00 price target (up previously from $38.00) on shares of eBay in a research note on Thursday, April 20th. SunTrust Banks, Inc. reissued a hold rating and issued a $35.00 price target on shares of eBay in a research note on Tuesday, April 11th. Credit Suisse Group reissued a neutral rating and issued a $34.00 price target on shares of eBay in a research note on Thursday, April 20th. Royal Bank of Canada restated a sector perform rating and issued a $36.00 price objective (up from $34.00) on shares of eBay in a report on Saturday, April 22nd. Finally, Robert W. Baird restated an outperform rating and issued a $38.00 price objective on shares of eBay in a report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $35.56.

Shares of eBay (NASDAQ:EBAY) traded down 0.38% during trading on Thursday, hitting $33.96. The stock had a trading volume of 9,987,737 shares. eBay has a 1-year low of $22.30 and a 1-year high of $36.50. The stock’s 50-day moving average price is $34.32 and its 200 day moving average price is $32.57. The firm has a market capitalization of $36.76 billion, a P/E ratio of 4.89 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that eBay will post $2.01 earnings per share for the current year.

WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/06/16/canaccord-genuity-reaffirms-hold-rating-for-ebay-inc-ebay-updated-updated.html.

In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the sale, the director now owns 286,562 shares in the company, valued at $10,029,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen C. Mitic sold 11,897 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $33.84, for a total transaction of $402,594.48. Following the transaction, the director now owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,712 shares of company stock valued at $2,877,612. 6.78% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in EBAY. BlackRock Inc. raised its position in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares in the last quarter. State Street Corp raised its position in eBay by 0.7% in the fourth quarter. State Street Corp now owns 43,758,521 shares of the e-commerce company’s stock valued at $1,299,174,000 after buying an additional 309,791 shares in the last quarter. Wellington Management Group LLP raised its position in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares in the last quarter. Boston Partners raised its position in eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock valued at $992,828,000 after buying an additional 544,112 shares in the last quarter. Finally, Jackson Square Partners LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.

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.