Credit Suisse Group Increases eBay (EBAY) Price Target to $46.00

eBay (NASDAQ:EBAY) had its target price increased by equities research analysts at Credit Suisse Group from $44.00 to $46.00 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the e-commerce company’s stock. Credit Suisse Group’s target price suggests a potential upside of 12.50% from the company’s current price.

A number of other research firms have also recently issued reports on EBAY. Robert W. Baird lifted their price objective on eBay from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. KeyCorp reissued a “hold” rating on shares of eBay in a research report on Wednesday, October 11th. Piper Jaffray Companies set a $34.00 price objective on eBay and gave the company a “hold” rating in a research report on Wednesday, October 11th. JPMorgan Chase & Co. set a $38.00 price objective on eBay and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, Stifel Nicolaus set a $37.00 target price on eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have assigned a buy rating to the stock. eBay has a consensus rating of “Hold” and a consensus target price of $39.27.

eBay (EBAY) traded up $0.87 on Wednesday, reaching $40.89. The company had a trading volume of 8,379,002 shares, compared to its average volume of 8,886,586. The firm has a market capitalization of $41,803.73, a PE ratio of 6.07, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. eBay has a 52-week low of $31.36 and a 52-week high of $40.91. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82.

In other news, SVP Raymond J. Pittman sold 31,400 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.99, for a total value of $239,693.40. Following the completion of the transaction, the vice president now directly owns 16,732 shares in the company, valued at $602,184.68. The disclosure for this sale can be found here. Insiders have sold 42,419 shares of company stock worth $1,512,740 over the last ninety days. Company insiders own 6.78% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new position in shares of eBay in the 3rd quarter worth approximately $122,000. BB&T Investment Services Inc. acquired a new position in shares of eBay in the 2nd quarter worth approximately $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay in the 2nd quarter worth approximately $123,000. Steward Partners Investment Advisory LLC acquired a new position in shares of eBay in the 3rd quarter worth approximately $139,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 60 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

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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.