eBay Inc. (NASDAQ:EBAY)‘s stock had its “underweight” rating restated by Morgan Stanley in a report released on Saturday. They currently have a $28.00 price objective on the e-commerce company’s stock. Morgan Stanley’s price target would indicate a potential downside of 23.52% from the stock’s current price.

Other analysts have also issued research reports about the company. Argus boosted their price target on eBay from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. 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. Aegis reaffirmed a “buy” rating and issued a $40.00 price target (up previously from $38.00) on shares of eBay in a research note on Thursday, April 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of eBay in a research note on Thursday, April 20th. Finally, Hilliard Lyons reaffirmed a “buy” rating and issued a $38.50 price target (up previously from $36.00) on shares of eBay in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.55.

eBay (EBAY) traded down 1.53% during midday trading on Friday, reaching $36.61. The company’s stock had a trading volume of 22,222,085 shares. The firm has a market capitalization of $39.62 billion, a PE ratio of 5.27 and a beta of 1.36. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. The firm has a 50 day moving average price of $35.28 and a 200 day moving average price of $33.60. eBay also was the target of some unusual options trading on Wednesday. Stock traders purchased 2,194 put options on the company. This represents an increase of 231% compared to the average volume of 663 put options.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 18.32% and a net margin of 80.93%. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. On average, analysts predict that eBay will post $2.01 EPS for the current year.

eBay declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

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In related news, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $33.57, for a total transaction of $433,187.28. Following the completion of the transaction, the vice president now directly owns 33,604 shares of the company’s stock, valued at $1,128,086.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of the stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $32.35, for a total value of $1,067,808.80. Following the transaction, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold 85,712 shares of company stock valued at $2,877,612 over the last three months. Insiders own 6.78% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA boosted its position in shares of eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock valued at $459,000 after buying an additional 111 shares during the period. National Pension Service boosted its position in shares of eBay by 0.3% in the first quarter. National Pension Service now owns 839,853 shares of the e-commerce company’s stock valued at $28,303,000 after buying an additional 2,221 shares during the period. Quadrant Capital Group LLC boosted its position in shares of eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock valued at $189,000 after buying an additional 187 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock valued at $11,372,000 after buying an additional 4,400 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock valued at $945,000 after buying an additional 2,090 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

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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