eBay (NASDAQ:EBAY) had its target price increased by investment analysts at Aegis from $45.00 to $52.00 in a report issued on Thursday. The firm currently has a “buy” rating on the e-commerce company’s stock. Aegis’ price target suggests a potential upside of 11.40% from the company’s current price.
Several other research firms have also recently commented on EBAY. Credit Suisse Group lifted their target price on eBay from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. UBS Group set a $44.00 target price on eBay and gave the company a “buy” rating in a research note on Thursday, January 11th. Macquarie set a $46.00 target price on eBay and gave the company a “neutral” rating in a research note on Thursday. Goldman Sachs Group set a $40.00 price objective on eBay and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Atlantic Securities set a $45.00 price objective on eBay and gave the stock a “neutral” rating in a research note on Thursday. 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.53.
eBay (NASDAQ EBAY) traded up $6.10 during midday trading on Thursday, hitting $46.68. The stock had a trading volume of 24,794,688 shares, compared to its average volume of 10,678,657. The firm has a market cap of $48,520.00, a PE ratio of 6.92, a P/E/G ratio of 2.81 and a beta of 1.34. eBay has a one year low of $31.80 and a one year high of $46.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46.
eBay declared that its board has authorized a stock buyback 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 purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication 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 stock was 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 filing with the SEC, which is accessible through this hyperlink. Also, SVP Raymond J. Pittman sold 31,400 shares of eBay stock in a transaction dated 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 owns 74,334 shares in the company, valued at $2,644,803.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,419 shares of company stock worth $1,512,740. Corporate insiders own 6.78% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC bought a new position in eBay during the third quarter worth about $122,000. BB&T Investment Services Inc. bought a new position in eBay during the second quarter worth about $119,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of eBay in the second quarter valued at about $123,000. Steward Partners Investment Advisory LLC bought a new stake in shares of eBay in the third quarter valued at about $139,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of eBay by 1.7% in 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. Hedge funds and other institutional investors own 85.95% of the company’s stock.
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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.
