eBay Inc. (NASDAQ:EBAY)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a $34.00 target price on the e-commerce company’s stock. Canaccord Genuity’s target price indicates a potential downside of 10.03% from the stock’s current price.

Several other equities analysts have also recently commented on EBAY. Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 price objective on shares of eBay in a research note on Tuesday, May 9th. ValuEngine cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Vetr raised shares of eBay from a “buy” rating to a “strong-buy” rating and set a $38.72 price objective for the company in a research note on Thursday, May 18th. Atlantic Securities reaffirmed a “neutral” rating and set a $36.00 price objective on shares of eBay in a research note on Wednesday, May 31st. Finally, Credit Suisse Group raised shares of eBay from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $44.00 in a research note on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.05.

Shares of eBay (NASDAQ EBAY) traded down 0.58% during mid-day trading on Wednesday, hitting $37.79. 9,075,887 shares of the stock were exchanged. The stock’s 50-day moving average is $35.76 and its 200-day moving average is $34.61. eBay has a 52 week low of $27.28 and a 52 week high of $38.30. The stock has a market capitalization of $40.45 billion, a price-to-earnings ratio of 5.67 and a beta of 1.34.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Analysts forecast that eBay will post $2.00 earnings per share for the current fiscal year.

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

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In related news, SVP Stephen Fisher sold 11,956 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the transaction, the senior vice president now owns 89,740 shares in the company, valued at approximately $3,252,177.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now owns 83,058 shares in the company, valued at approximately $2,907,030. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,238 shares of company stock worth $2,501,547. 6.78% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Capital One National Association lifted its stake in eBay by 0.5% during the 1st quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock valued at $244,000 after acquiring an additional 39 shares during the period. Trust Co. of Vermont lifted its stake in eBay by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after acquiring an additional 40 shares during the period. Westside Investment Management Inc. lifted its stake in eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares during the period. Buckingham Asset Management LLC lifted its stake in eBay by 1.4% during the 1st quarter. Buckingham Asset Management LLC now owns 6,997 shares of the e-commerce company’s stock valued at $235,000 after acquiring an additional 100 shares during the period. Finally, Usca Ria LLC lifted its stake in eBay by 1.3% during the 2nd quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after acquiring an additional 100 shares during the period. Institutional investors own 84.90% of the company’s stock.

About eBay

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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