eBay (NASDAQ:EBAY) has been assigned a $45.00 price target by investment analysts at Atlantic Securities in a report issued on Thursday. The brokerage currently has a “neutral” rating on the e-commerce company’s stock. Atlantic Securities’ price objective indicates a potential downside of 3.04% from the stock’s previous close.
Several other analysts have also recently issued reports on EBAY. Piper Jaffray Companies set a $34.00 target price on shares of eBay and gave the company a “hold” rating in a research report on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of eBay in a research report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and set a $38.00 target price on shares of eBay in a research report on Monday, October 16th. Canaccord Genuity upped their target price on shares of eBay from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, October 17th. Finally, BMO Capital Markets restated a “market perform” rating and set a $40.00 target price on shares of eBay in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have assigned a buy rating to the company. eBay currently has a consensus rating of “Hold” and an average target price of $42.53.
Shares of eBay (EBAY) traded up $5.83 during midday trading on Thursday, hitting $46.41. 25,983,746 shares of the stock traded hands, compared to its average volume of 10,699,266. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $48,520.00, a PE ratio of 6.92, a price-to-earnings-growth ratio of 2.81 and a beta of 1.34. eBay has a 52-week low of $31.80 and a 52-week high of $46.99.
eBay declared that its Board of Directors has approved a share buyback program on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $35.99, for a total transaction of $239,693.40. Following the transaction, the vice president now directly owns 16,732 shares in the company, valued at $602,184.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now owns 74,334 shares in the company, valued at $2,644,803.72. The disclosure for this sale can be found here. Insiders sold a total of 42,419 shares of company stock worth $1,512,740 over the last 90 days. Insiders own 6.78% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. BB&T Investment Services Inc. bought a new position in shares of eBay during the second quarter valued at approximately $119,000. Valeo Financial Advisors LLC bought a new position in shares of eBay during the third quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of eBay during the second quarter valued at approximately $123,000. Westside Investment Management Inc. boosted its stake in shares of eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of eBay during the third quarter valued at approximately $139,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Atlantic Securities Reiterates $45.00 Price Target for eBay (EBAY)” was originally reported by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/01/atlantic-securities-reiterates-45-00-price-target-for-ebay-ebay.html.
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.
