eBay (NASDAQ:EBAY) had its price target increased by equities research analysts at Raymond James from $34.00 to $35.00 in a report released on Wednesday. The firm presently has an “outperform” rating on the e-commerce company’s stock. Raymond James’ target price would indicate a potential upside of 24.73% from the company’s previous close.
EBAY has been the topic of a number of other reports. Monness Crespi & Hardt reduced their price target on shares of eBay from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, July 19th. BMO Capital Markets cut their target price on shares of eBay from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, July 20th. DA Davidson cut their target price on shares of eBay to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. They noted that the move was a valuation call. Credit Suisse Group cut their target price on shares of eBay from $58.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday. Finally, KeyCorp restated an “overweight” rating and issued a $43.00 target price (down previously from $50.00) on shares of eBay in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.63.
NASDAQ EBAY traded up $0.64 on Wednesday, reaching $28.06. 261,839 shares of the company’s stock traded hands, compared to its average volume of 13,699,990. eBay has a 12 month low of $26.36 and a 12 month high of $46.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $27.05 billion, a P/E ratio of 17.19, a PEG ratio of 1.65 and a beta of 1.19.
In related news, SVP Jae Hyun Lee sold 26,204 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the completion of the sale, the senior vice president now owns 128,457 shares of the company’s stock, valued at $4,506,271.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 4,811 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $34.05, for a total value of $163,814.55. Following the completion of the sale, the vice president now directly owns 34,644 shares of the company’s stock, valued at approximately $1,179,628.20. The disclosure for this sale can be found here. Insiders sold 127,642 shares of company stock valued at $4,364,399 in the last ninety days. 6.22% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in EBAY. Bank of New York Mellon Corp lifted its position in eBay by 49.6% during the second quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock valued at $441,723,000 after buying an additional 4,036,288 shares during the period. Unigestion Holding SA purchased a new position in eBay during the second quarter valued at $96,013,000. Lindsell Train Ltd lifted its position in eBay by 27.4% during the third quarter. Lindsell Train Ltd now owns 7,844,900 shares of the e-commerce company’s stock valued at $259,039,000 after buying an additional 1,687,500 shares during the period. First Trust Advisors LP lifted its position in eBay by 15.1% during the third quarter. First Trust Advisors LP now owns 9,476,950 shares of the e-commerce company’s stock valued at $312,929,000 after buying an additional 1,245,198 shares during the period. Finally, First Manhattan Co. lifted its position in eBay by 120.1% during the second quarter. First Manhattan Co. now owns 2,258,336 shares of the e-commerce company’s stock valued at $81,887,000 after buying an additional 1,232,099 shares during the period. 84.50% of the stock is owned by institutional investors.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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