eBay (NASDAQ:EBAY) had its price objective raised by research analysts at Robert W. Baird from $59.00 to $60.00 in a research note issued to investors on Tuesday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 14.35% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of eBay from $38.00 to $52.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Wedbush reaffirmed an “outperform” rating and set a $44.00 price target on shares of eBay in a report on Thursday, April 30th. Stifel Nicolaus upped their price target on shares of eBay from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Mizuho upped their price target on shares of eBay from $42.00 to $46.00 in a report on Friday, June 5th. Finally, BMO Capital Markets downgraded shares of eBay from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $46.00 to $52.00 in a report on Friday, June 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.62.

Shares of EBAY stock traded up $1.16 during midday trading on Tuesday, hitting $52.47. 4,179,104 shares of the company were exchanged, compared to its average volume of 13,519,883. The firm has a market capitalization of $35.76 billion, a P/E ratio of 8.71, a PEG ratio of 1.38 and a beta of 1.38. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50 day moving average price is $46.16 and its two-hundred day moving average price is $38.11. eBay has a 52 week low of $26.02 and a 52 week high of $51.88.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.32 billion. eBay had a net margin of 44.44% and a return on equity of 63.44%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Analysts expect that eBay will post 2.89 EPS for the current year.

In other news, CFO Andrew John Cring sold 23,240 shares of eBay stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the transaction, the chief financial officer now owns 117,919 shares in the company, valued at $5,070,517. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Wendy Elizabeth Jones sold 62,719 shares of eBay stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $38.48, for a total transaction of $2,413,427.12. Following the completion of the transaction, the senior vice president now owns 68,909 shares of the company’s stock, valued at approximately $2,651,618.32. The disclosure for this sale can be found here. Company insiders own 5.02% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Baupost Group LLC MA increased its stake in shares of eBay by 60.5% in the first quarter. Baupost Group LLC MA now owns 32,086,000 shares of the e-commerce company’s stock worth $964,505,000 after purchasing an additional 12,091,030 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of eBay by 32.5% in the fourth quarter. Renaissance Technologies LLC now owns 15,120,028 shares of the e-commerce company’s stock valued at $545,984,000 after acquiring an additional 3,707,700 shares during the period. Geode Capital Management LLC boosted its position in shares of eBay by 1.4% in the first quarter. Geode Capital Management LLC now owns 11,510,268 shares of the e-commerce company’s stock valued at $345,550,000 after acquiring an additional 158,304 shares during the period. Bank of New York Mellon Corp boosted its position in shares of eBay by 19.4% in the fourth quarter. Bank of New York Mellon Corp now owns 9,453,275 shares of the e-commerce company’s stock valued at $341,357,000 after acquiring an additional 1,535,987 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of eBay by 1.4% in the fourth quarter. AQR Capital Management LLC now owns 9,407,143 shares of the e-commerce company’s stock valued at $336,117,000 after acquiring an additional 131,113 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Read More: What is a Candlestick Chart?

The Fly

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.