eBay (NASDAQ:EBAY) PT Raised to $60.00

eBay (NASDAQ:EBAYGet Rating) had its price objective raised by investment analysts at Robert W. Baird from $54.00 to $60.00 in a research report issued to clients and investors on Thursday, The Fly reports. Robert W. Baird’s target price would indicate a potential upside of 26.90% from the company’s current price.

Several other brokerages have also recently weighed in on EBAY. Benchmark decreased their price objective on shares of eBay from $71.00 to $67.00 in a research note on Thursday, May 5th. Stifel Nicolaus reduced their target price on shares of eBay from $62.00 to $60.00 in a research report on Friday, July 15th. Mizuho reduced their target price on shares of eBay from $60.00 to $50.00 in a research report on Friday, May 6th. The Goldman Sachs Group lowered shares of eBay from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $52.00 to $42.00 in a research report on Thursday, June 9th. Finally, Evercore ISI reduced their target price on shares of eBay from $59.00 to $50.00 and set an “in-line” rating on the stock in a research report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $60.89.

eBay Price Performance

Shares of eBay stock opened at $47.28 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.48 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $26.47 billion, a price-to-earnings ratio of 112.57, a P/E/G ratio of 2.02 and a beta of 1.22. eBay has a 1-year low of $40.52 and a 1-year high of $81.19. The firm’s 50-day moving average price is $45.11 and its two-hundred day moving average price is $51.11.

eBay (NASDAQ:EBAYGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The e-commerce company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. eBay had a net margin of 3.60% and a return on equity of 24.42%. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts predict that eBay will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at eBay

In other news, CAO Brian J. Doerger sold 3,633 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $47.95, for a total transaction of $174,202.35. Following the completion of the sale, the chief accounting officer now owns 14,929 shares of the company’s stock, valued at $715,845.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Brian J. Doerger sold 7,942 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $45.16, for a total value of $358,660.72. Following the completion of the transaction, the chief accounting officer now owns 18,562 shares of the company’s stock, valued at $838,259.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian J. Doerger sold 3,633 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $47.95, for a total transaction of $174,202.35. Following the completion of the transaction, the chief accounting officer now directly owns 14,929 shares of the company’s stock, valued at approximately $715,845.55. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC grew its position in eBay by 2.5% in the first quarter. Flagship Harbor Advisors LLC now owns 7,944 shares of the e-commerce company’s stock valued at $455,000 after purchasing an additional 193 shares in the last quarter. Buttonwood Financial Advisors Inc. grew its position in eBay by 1.0% in the first quarter. Buttonwood Financial Advisors Inc. now owns 20,704 shares of the e-commerce company’s stock valued at $1,186,000 after purchasing an additional 196 shares in the last quarter. Csenge Advisory Group grew its position in eBay by 5.7% in the first quarter. Csenge Advisory Group now owns 3,825 shares of the e-commerce company’s stock valued at $219,000 after purchasing an additional 205 shares in the last quarter. Ellevest Inc. grew its position in eBay by 66.6% in the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock valued at $35,000 after purchasing an additional 241 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its position in eBay by 62.8% in the first quarter. Hanson & Doremus Investment Management now owns 638 shares of the e-commerce company’s stock valued at $37,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 88.99% of the company’s stock.

eBay Company Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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