eBay (NASDAQ:EBAY) has been given a $46.00 target price by research analysts at Robert W. Baird in a note issued to investors on Tuesday, TipRanks reports. The firm currently has a “buy” rating on the e-commerce company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 19.33% from the company’s current price.
Other equities research analysts have also issued reports about the company. Credit Suisse Group set a $48.00 price target on eBay and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on eBay from $34.50 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, July 15th. Wells Fargo & Co downgraded eBay from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research report on Thursday, September 26th. Benchmark upped their target price on eBay from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Canaccord Genuity upped their target price on eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. eBay currently has an average rating of “Hold” and a consensus target price of $42.26.
eBay stock traded up $0.62 during trading on Tuesday, hitting $38.55. The company’s stock had a trading volume of 4,113,387 shares, compared to its average volume of 9,709,225. The stock has a market capitalization of $31.30 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.79 and a beta of 1.38. The stock’s fifty day moving average is $39.53 and its 200 day moving average is $38.71. eBay has a 1-year low of $26.01 and a 1-year high of $42.00. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, research analysts anticipate that eBay will post 2.23 EPS for the current fiscal year.
In related news, SVP Jae Hyun Lee sold 48,111 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $41.92, for a total value of $2,016,813.12. Following the completion of the transaction, the senior vice president now owns 197,247 shares of the company’s stock, valued at $8,268,594.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristin A. Yetto sold 6,254 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $40.85, for a total value of $255,475.90. Following the transaction, the senior vice president now directly owns 73,700 shares in the company, valued at approximately $3,010,645. The disclosure for this sale can be found here. Insiders sold 232,942 shares of company stock valued at $9,663,057 in the last three months. 6.22% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its stake in eBay by 1,128.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock valued at $449,059,000 after purchasing an additional 10,443,045 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of eBay by 247.4% during the 2nd quarter. Renaissance Technologies LLC now owns 11,685,728 shares of the e-commerce company’s stock valued at $461,586,000 after acquiring an additional 8,322,388 shares during the last quarter. FMR LLC grew its holdings in shares of eBay by 89.2% in the 1st quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after buying an additional 7,108,999 shares during the period. Marshall Wace LLP acquired a new position in shares of eBay in the 1st quarter valued at $79,086,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of eBay by 835.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 2,371,109 shares of the e-commerce company’s stock valued at $93,659,000 after buying an additional 2,117,595 shares during the period. 86.24% of the stock is currently owned by institutional investors.
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.
Further Reading: What are some reasons analysts would give stocks a buy rating?
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