eBay Inc. (NASDAQ:EBAY) has been assigned an average rating of “Hold” from the forty-two ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $36.28.

A number of brokerages have recently weighed in on EBAY. Argus boosted their target price on eBay from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Maxim Group restated a “buy” rating and issued a $36.00 target price on shares of eBay in a research note on Wednesday, April 12th. Aegis restated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of eBay in a research note on Thursday, April 13th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $39.00 target price (up previously from $38.00) on shares of eBay in a research note on Thursday, April 20th. Finally, Hilliard Lyons restated a “buy” rating and issued a $38.50 target price (up previously from $36.00) on shares of eBay in a research note on Thursday, April 20th.

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In other eBay news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the sale, the vice president now owns 30,701 shares of the company’s stock, valued at $1,047,211.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen C. Mitic sold 11,897 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the completion of the sale, the director now directly owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. Over the last quarter, insiders have 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 modified their holdings of EBAY. Round Table Services LLC boosted its position in eBay by 8.0% in the second quarter. Round Table Services LLC now owns 8,323 shares of the e-commerce company’s stock valued at $291,000 after buying an additional 616 shares during the period. First Quadrant L P CA boosted its position in eBay by 296.6% in the second quarter. First Quadrant L P CA now owns 78,535 shares of the e-commerce company’s stock valued at $2,742,000 after buying an additional 58,735 shares during the period. Aperio Group LLC boosted its position in eBay by 73.9% in the second quarter. Aperio Group LLC now owns 1,067,704 shares of the e-commerce company’s stock valued at $37,284,000 after buying an additional 453,567 shares during the period. Louisiana State Employees Retirement System boosted its position in eBay by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 62,400 shares of the e-commerce company’s stock valued at $2,179,000 after buying an additional 300 shares during the period. Finally, LS Investment Advisors LLC boosted its position in eBay by 5.6% in the second quarter. LS Investment Advisors LLC now owns 33,541 shares of the e-commerce company’s stock valued at $1,171,000 after buying an additional 1,770 shares during the period. 85.02% of the stock is owned by institutional investors.

eBay (EBAY) traded down 2.07% on Friday, hitting $36.41. The stock had a trading volume of 13,993,471 shares. eBay has a 52 week low of $27.28 and a 52 week high of $37.48. The stock has a market capitalization of $39.41 billion, a price-to-earnings ratio of 5.24 and a beta of 1.36. The company has a 50-day moving average price of $35.28 and a 200-day moving average price of $33.60. eBay also was the recipient of unusually large options trading on Wednesday. Stock investors bought 2,194 put options on the company. This is an increase of 231% compared to the typical volume of 663 put options.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities research analysts anticipate that eBay will post $2.01 earnings per share for the current fiscal year.

eBay declared that its Board of Directors has authorized a stock buyback program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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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