eBay Inc. (NASDAQ:EBAY)‘s stock had its “positive” rating reissued by equities researchers at Susquehanna Bancshares Inc in a research note issued on Sunday. They presently have a $41.00 price objective on the e-commerce company’s stock, up from their prior price objective of $40.00. Susquehanna Bancshares Inc’s price target suggests a potential upside of 11.99% from the company’s previous close.

Several other equities analysts also recently weighed in on EBAY. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 price target on shares of eBay in a report on Monday, March 27th. Barclays PLC initiated coverage on shares of eBay in a report on Tuesday, March 28th. They issued an “overweight” rating and a $41.00 price target on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $30.00 price target on shares of eBay in a report on Monday, April 10th. Robert W. Baird reiterated an “outperform” rating and issued a $38.00 price target on shares of eBay in a report on Monday, April 10th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $35.00 price target on shares of eBay in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.91.

Shares of eBay (NASDAQ EBAY) traded down 1.53% during mid-day trading on Friday, hitting $36.61. 22,222,085 shares of the stock were exchanged. eBay has a 12 month low of $27.28 and a 12 month high of $37.48. The stock has a market cap of $39.62 billion, a PE ratio of 5.31 and a beta of 1.36. The stock’s 50 day moving average is $35.28 and its 200-day moving average is $33.60.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 18.32%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company earned $0.43 EPS. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that eBay will post $2.01 EPS for the current year.

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

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In related news, SVP Stephen Fisher sold 33,008 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the completion of the transaction, the senior vice president now directly owns 109,468 shares in the company, valued at approximately $3,541,289.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were 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 of the company’s stock, valued at $10,029,670. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock valued at $2,877,612 over the last 90 days. 6.78% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its position in shares of eBay by 27.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock worth $128,003,000 after buying an additional 829,988 shares during the period. Boston Partners boosted its position in shares of eBay by 61.6% in the fourth quarter. Boston Partners now owns 18,780,447 shares of the e-commerce company’s stock valued at $516,087,000 after buying an additional 7,156,164 shares during the last quarter. Numeric Investors LLC boosted its position in shares of eBay by 139.1% in the fourth quarter. Numeric Investors LLC now owns 4,619,300 shares of the e-commerce company’s stock valued at $126,938,000 after buying an additional 2,687,000 shares during the last quarter. Contravisory Investment Management bought a new position in shares of eBay during the fourth quarter valued at about $7,538,000. Finally, River & Mercantile Asset Management bought a new position in shares of eBay during the fourth quarter valued at about $1,989,000. 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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