eBay Inc. (NASDAQ:EBAY)‘s stock had its “hold” rating restated by research analysts at KeyCorp in a research report issued on Wednesday.

EBAY has been the subject of several other research reports. Benchmark Co. boosted their target price on eBay from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “positive” rating and set a $41.00 target price (up previously from $40.00) on shares of eBay in a research report on Sunday, July 23rd. Morgan Stanley restated an “underweight” rating and set a $28.00 target price on shares of eBay in a research report on Saturday, July 22nd. Robert W. Baird restated an “outperform” rating and set a $38.00 target price on shares of eBay in a research report on Thursday, July 13th. Finally, Aegis restated a “buy” rating and set a $42.00 target price on shares of eBay in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.75.

eBay (EBAY) traded down 0.65% during midday trading on Wednesday, reaching $38.06. The company’s stock had a trading volume of 7,962,401 shares. eBay has a 12-month low of $27.28 and a 12-month high of $39.28. The company’s 50-day moving average is $37.56 and its 200 day moving average is $35.42. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 5.71 and a beta of 1.36.

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

eBay announced that its board has initiated a stock repurchase program on Thursday, July 20th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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In other news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the sale, the director now directly owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the sale, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,238 shares of company stock worth $3,439,297. Corporate insiders own 6.78% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in eBay in the 2nd quarter valued at about $108,000. BB&T Investment Services Inc. purchased a new position in eBay in the 2nd quarter valued at about $119,000. Westside Investment Management Inc. lifted its stake in eBay by 284.0% in the 1st 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in eBay in the 2nd quarter valued at about $123,000. Finally, FNY Partners Fund LP lifted its stake in eBay by 660.0% in the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

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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