eBay (NASDAQ:EBAY) received a $49.00 price target from analysts at Barclays in a report issued on Thursday. The firm currently has a “buy” rating on the e-commerce company’s stock. Barclays’ price target points to a potential upside of 5.44% from the stock’s previous close.
Several other brokerages also recently issued reports on EBAY. JPMorgan Chase & Co. set a $45.00 price objective on eBay and gave the stock a “neutral” rating in a research note on Thursday. Macquarie set a $46.00 target price on eBay and gave the stock a “neutral” rating in a research report on Thursday. Mizuho reaffirmed an “underperform” rating and issued a $40.00 target price (up from $34.00) on shares of eBay in a research report on Thursday. Bank of America upped their target price on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Deutsche Bank set a $47.00 target price on eBay and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $42.53.
Shares of eBay (NASDAQ:EBAY) traded up $5.89 during trading on Thursday, reaching $46.47. The company had a trading volume of 27,203,699 shares, compared to its average volume of 10,727,650. The stock has a market cap of $48,520.00, a P/E ratio of 6.92, a P/E/G ratio of 2.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. eBay has a 1 year low of $31.80 and a 1 year high of $46.99.
eBay declared that its Board of Directors has approved a share buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other news, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction dated Friday, November 17th. The stock was 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 of the company’s stock, valued at approximately $2,644,803.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.99, for a total value of $239,693.40. Following the transaction, the vice president now directly owns 16,732 shares in the company, valued at approximately $602,184.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,419 shares of company stock worth $1,512,740. 6.78% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. BB&T Investment Services Inc. bought a new stake in eBay during the 2nd quarter valued at approximately $119,000. Valeo Financial Advisors LLC bought a new stake in eBay during the 3rd quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in eBay during the 2nd quarter valued at approximately $123,000. Westside Investment Management Inc. boosted its stake in eBay by 1.7% during the 2nd 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 during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in eBay during the 3rd quarter valued at approximately $139,000. 85.95% 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.
