eBay (NASDAQ:EBAY) has been assigned a $52.00 price target by research analysts at Robert W. Baird in a report released on Thursday. The brokerage presently has a “buy” rating on the e-commerce company’s stock. Robert W. Baird’s price objective points to a potential upside of 12.04% from the stock’s previous close.
Several other brokerages have also issued reports on EBAY. Credit Suisse Group lifted their target price on shares of eBay from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. UBS Group set a $44.00 target price on shares of eBay and gave the company a “buy” rating in a research report on Thursday, January 11th. Macquarie set a $46.00 target price on shares of eBay and gave the company a “neutral” rating in a research report on Thursday. Goldman Sachs Group set a $40.00 target price on shares of eBay and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Mizuho reiterated an “underperform” rating and issued a $40.00 target price (up previously from $34.00) on shares of eBay in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.53.
eBay (NASDAQ EBAY) traded up $5.83 on Thursday, reaching $46.41. 25,983,746 shares of the company’s stock were exchanged, compared to its average volume of 10,699,266. eBay has a one year low of $31.80 and a one year high of $46.99. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. The stock has a market capitalization 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 declared that its board has authorized a share repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
In other eBay news, VP Brian J. Doerger sold 6,660 shares of eBay stock in a transaction dated 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 of the company’s stock, valued at $602,184.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction dated 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 in the company, valued at $836,264. 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 90 days. 6.78% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its stake in eBay by 2.5% during the third quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock worth $203,988,000 after purchasing an additional 128,728 shares during the period. The Manufacturers Life Insurance Company raised its stake in eBay by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after purchasing an additional 668,503 shares during the period. Colony Group LLC purchased a new position in eBay during the second quarter worth about $213,000. Canada Pension Plan Investment Board raised its stake in eBay by 19.1% during the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock worth $123,651,000 after purchasing an additional 515,634 shares during the period. Finally, Toronto Dominion Bank raised its stake in eBay by 11.0% during the third quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock worth $14,574,000 after purchasing an additional 37,654 shares during the period. 85.95% of the stock is currently owned by institutional investors.
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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.
