eBay Inc. (NASDAQ:EBAY) had its price target raised by Benchmark Co. from $39.00 to $40.00 in a report released on Wednesday. The firm presently has a “buy” rating on the e-commerce company’s stock. Benchmark Co.’s price objective would suggest a potential upside of 8.70% from the stock’s current price.

Several other brokerages have also commented on EBAY. Maxim Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of eBay in a research note on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $34.00 price target on shares of eBay in a research report on Thursday, April 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $35.00 price target on shares of eBay in a research report on Friday, April 14th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $36.00 price target on shares of eBay in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $36.00 price objective on shares of eBay in a report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.12.

Shares of eBay (NASDAQ:EBAY) traded up 0.27% during mid-day trading on Wednesday, reaching $36.90. The company had a trading volume of 623,452 shares. eBay has a 1-year low of $26.41 and a 1-year high of $37.20. The company has a market capitalization of $39.94 billion, a PE ratio of 5.31 and a beta of 1.36. The stock’s 50-day moving average price is $35.13 and its 200 day moving average price is $33.55.

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, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. Equities analysts expect that eBay will post $2.01 EPS for the current year.

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In related news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the transaction, the director now owns 286,562 shares in the company, valued at $10,029,670. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the completion of the transaction, the senior vice president now owns 109,468 shares in the company, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,712 shares of company stock worth $2,877,612. Insiders own 6.78% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EBAY. Physicians Financial Services Inc. boosted its stake in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of eBay during the fourth quarter valued at about $100,000. NEXT Financial Group Inc boosted its stake in shares of eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock valued at $112,000 after buying an additional 960 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. Finally, Hartford Financial Management Inc. boosted its stake in shares of eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.02% 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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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