eBay Inc. (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a note issued to investors on Monday. They currently have a $38.00 target price on the e-commerce company’s stock. Robert W. Baird’s target price indicates a potential upside of 0.58% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. J P Morgan Chase & Co set a $38.00 price objective on shares of eBay and gave the stock a “neutral” rating in a research note on Friday, July 21st. BMO Capital Markets restated a “market perform” rating and issued a $36.00 price objective on shares of eBay in a research note on Saturday, July 22nd. Canaccord Genuity restated a “hold” rating and issued a $34.00 price objective on shares of eBay in a research note on Wednesday, September 6th. Maxim Group raised their price objective on shares of eBay from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Finally, UBS AG set a $40.00 price objective on shares of eBay and gave the stock a “buy” rating in a research note on Friday, July 21st. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the company’s stock. eBay presently has a consensus rating of “Hold” and an average target price of $37.66.

eBay (NASDAQ:EBAY) traded down 1.51% during mid-day trading on Monday, reaching $37.77. 8,646,748 shares of the company traded hands. The stock has a 50 day moving average price of $37.84 and a 200-day moving average price of $35.51. The company has a market capitalization of $40.43 billion, a P/E ratio of 5.67 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $39.28.

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

eBay declared that its board has authorized a stock buyback plan on Thursday, July 20th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to reacquire 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 other eBay news, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the sale, the senior vice president now owns 89,740 shares in the company, valued at approximately $3,252,177.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock worth $3,439,297 in the last quarter. 6.78% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Vanguard Group Inc. raised its stake in shares of eBay by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock worth $2,378,116,000 after purchasing an additional 1,121,890 shares in the last quarter. BlackRock Inc. raised its stake in shares of eBay by 2,424.9% during the 1st quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after purchasing an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of eBay by 169.5% during the 1st quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after purchasing an additional 23,404,909 shares in the last quarter. Independent Franchise Partners LLP raised its stake in shares of eBay by 17.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock worth $674,744,000 after purchasing an additional 2,898,085 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of eBay by 2.4% during the 2nd quarter. Nordea Investment Management AB now owns 15,289,334 shares of the e-commerce company’s stock worth $533,904,000 after purchasing an additional 360,664 shares in the last quarter. Hedge funds and other institutional investors own 84.85% 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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