eBay (NASDAQ:EBAY) had its price objective upped by investment analysts at Stifel Nicolaus from $37.00 to $41.00 in a report issued on Thursday. The firm presently has a “hold” rating on the e-commerce company’s stock. Stifel Nicolaus’ target price points to a potential upside of 1.03% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of eBay in a research note on Thursday, October 19th. 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. Robert W. Baird reiterated a “buy” rating and set a $38.00 price objective on shares of eBay in a research note on Monday, October 16th. Aegis reiterated a “buy” rating and set a $45.00 price objective on shares of eBay in a research note on Friday, December 22nd. Finally, UBS Group set a $44.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.24.
eBay (EBAY) opened at $40.58 on Thursday. eBay has a 12 month low of $31.53 and a 12 month high of $41.34. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. The company has a market cap of $42,200.67, a P/E ratio of 6.02, a P/E/G ratio of 2.81 and a beta of 1.32.
In related news, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the completion of the transaction, the vice president now owns 23,392 shares of the company’s stock, valued at approximately $836,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the firm’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 transaction of $239,693.40. Following the completion of the transaction, the vice president now directly owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders sold a total of 42,419 shares of company stock valued at $1,512,740 in the last ninety days. Company insiders own 6.78% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of eBay by 7.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 747,089 shares of the e-commerce company’s stock valued at $28,195,000 after buying an additional 49,249 shares during the period. Sanders Capital LLC boosted its stake in shares of eBay by 6.9% during the 4th quarter. Sanders Capital LLC now owns 5,989,000 shares of the e-commerce company’s stock valued at $248,814,000 after buying an additional 389,100 shares during the period. Covey Capital Advisors LLC acquired a new stake in shares of eBay during the 4th quarter valued at $1,828,000. Northern Capital Management LLC boosted its stake in shares of eBay by 5.4% during the 4th quarter. Northern Capital Management LLC now owns 63,314 shares of the e-commerce company’s stock valued at $2,389,000 after buying an additional 3,250 shares during the period. Finally, Global Thematic Partners LLC boosted its stake in shares of eBay by 17.6% during the 4th quarter. Global Thematic Partners LLC now owns 1,780,237 shares of the e-commerce company’s stock valued at $67,187,000 after buying an additional 265,862 shares during the period. 85.95% of the stock is owned by hedge funds and other 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.
