eBay (NASDAQ:EBAY) had its price target hoisted by stock analysts at Robert W. Baird from $38.00 to $44.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the e-commerce company’s stock. Robert W. Baird’s price target would indicate a potential upside of 10.55% from the stock’s current price.
Other research analysts also recently issued reports about the company. Benchmark restated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis reaffirmed a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of eBay in a research note on Tuesday, September 19th. DA Davidson initiated coverage on shares of eBay in a research note on Wednesday, September 13th. They set a “buy” rating and a $45.00 price objective for the company. Goldman Sachs Group set a $40.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, BMO Capital Markets restated a “hold” rating on shares of eBay in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.71.
eBay (EBAY) opened at $39.80 on Tuesday. The company has a market capitalization of $41,780.00, a price-to-earnings ratio of 5.88, a P/E/G ratio of 2.75 and a beta of 1.34. eBay has a twelve month low of $29.69 and a twelve month high of $40.08. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.
In other news, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the transaction, the vice president now directly owns 23,392 shares of the company’s stock, valued at $836,264. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total value of $2,717,810.01. Following the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Glenview Capital Management LLC grew its position in shares of eBay by 442.0% during the second quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after purchasing an additional 7,262,862 shares in the last quarter. Harding Loevner LP purchased a new position in eBay during the 2nd quarter valued at approximately $128,878,000. Arrowstreet Capital Limited Partnership grew its holdings in eBay by 1,077.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after buying an additional 3,458,300 shares in the last quarter. Janus Henderson Group PLC grew its holdings in eBay by 134.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after buying an additional 3,414,163 shares in the last quarter. Finally, Independent Franchise Partners LLP grew its holdings in eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after buying an additional 3,406,261 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors.
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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.
