eBay (NASDAQ:EBAY) had its price target hoisted by equities research analysts at Robert W. Baird from $38.00 to $44.00 in a report released on Tuesday. The brokerage currently has an “outperform” rating on the e-commerce company’s stock. Robert W. Baird’s price target would suggest a potential upside of 10.00% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Aegis reissued a “buy” rating and issued a $45.00 target price on shares of eBay in a research report on Saturday, December 30th. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Evercore ISI began coverage on eBay in a research note on Tuesday, December 5th. They issued an “in-line” rating and a $36.00 price target on the stock. They noted that the move was a valuation call. BMO Capital Markets upgraded eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, December 4th. Finally, SunTrust Banks restated a “hold” rating and issued a $38.00 price target on shares of eBay in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have assigned a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and a consensus price target of $38.71.

eBay (EBAY) opened at $40.00 on Tuesday. eBay has a 52-week low of $29.69 and a 52-week high of $40.10. The stock has a market capitalization of $41,780.00, a P/E ratio of 5.91, a PEG ratio of 2.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. research analysts expect that eBay will post 1.65 earnings per share for the current fiscal year.

In other news, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the transaction, the senior vice president now directly owns 144,047 shares in the company, valued at $5,420,488.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,242 shares of company stock worth $6,842,297. Company insiders own 6.78% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Glenview Capital Management LLC lifted its holdings in shares of eBay by 442.0% during the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock valued at $310,995,000 after buying an additional 7,262,862 shares during the period. Harding Loevner LP bought a new position in shares of eBay during the 2nd quarter valued at $128,878,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of eBay by 1,077.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after buying an additional 3,458,300 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of eBay by 134.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after buying an additional 3,414,163 shares during the period. Finally, Independent Franchise Partners LLP lifted its holdings in shares of eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after buying an additional 3,406,261 shares during the period. 85.93% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2018/01/09/ebay-ebay-price-target-increased-to-44-00-by-analysts-at-robert-w-baird.html.

eBay Company Profile

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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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