eBay Inc (NASDAQ:EBAY)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a report issued on Thursday. They presently have a $32.00 target price on the e-commerce company’s stock. Canaccord Genuity’s price target would suggest a potential downside of 5.48% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of eBay from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 26th. Vetr upgraded shares of eBay from a “buy” rating to a “strong-buy” rating and set a $38.08 target price on the stock in a report on Monday, March 6th. Aegis reiterated a “buy” rating on shares of eBay in a report on Wednesday, March 15th. Barclays PLC initiated coverage on shares of eBay in a report on Tuesday, March 28th. They set an “overweight” rating and a $41.00 target price on the stock. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $35.00 target price on shares of eBay in a report on Saturday, January 28th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.90.

Analyst Recommendations for eBay (NASDAQ:EBAY)

Shares of eBay (NASDAQ:EBAY) opened at 33.855 on Thursday. The company has a market cap of $36.80 billion, a price-to-earnings ratio of 5.329 and a beta of 1.31. eBay has a one year low of $22.30 and a one year high of $34.74. The firm has a 50-day moving average of $33.66 and a 200-day moving average of $31.28.

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eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. eBay had a net margin of 80.92% and a return on equity of 24.13%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business earned $0.47 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that eBay will post $2.01 EPS for the current fiscal year.

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In other eBay news, SVP Stephen Fisher sold 16,601 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $33.77, for a total value of $560,615.77. Following the transaction, the senior vice president now owns 97,023 shares in the company, valued at approximately $3,276,466.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Tierney sold 6,014 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $33.28, for a total value of $200,145.92. Following the completion of the transaction, the director now owns 28,525 shares in the company, valued at approximately $949,312. The disclosure for this sale can be found here. Insiders sold a total of 313,020 shares of company stock worth $10,153,302 in the last three months. 7.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Round Table Services LLC purchased a new position in shares of eBay during the first quarter worth $259,000. Quantitative Systematic Strategies LLC raised its position in shares of eBay by 46.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 54,860 shares of the e-commerce company’s stock worth $1,842,000 after buying an additional 17,337 shares during the last quarter. Bank of The West purchased a new position in shares of eBay during the first quarter worth $213,000. DnB Asset Management AS raised its position in shares of eBay by 5.1% in the first quarter. DnB Asset Management AS now owns 288,045 shares of the e-commerce company’s stock worth $9,670,000 after buying an additional 14,100 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its position in shares of eBay by 2.3% in the first quarter. Beese Fulmer Investment Management Inc. now owns 75,880 shares of the e-commerce company’s stock worth $2,547,000 after buying an additional 1,678 shares during the last quarter. Institutional investors own 85.86% of the company’s stock.

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.

5 Day Chart for NASDAQ:EBAY

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