eBay (NASDAQ:EBAY) Price Target Raised to $44.00

eBay (NASDAQ:EBAY) had its price objective raised by Robert W. Baird from $38.00 to $44.00 in a report released on Tuesday, January 9th. Robert W. Baird currently has an outperform rating on the e-commerce company’s stock.

Other analysts have also recently issued research reports about the stock. Benchmark reiterated a buy rating and issued a $45.00 price objective (up previously from $40.00) on shares of eBay in a research note on Friday, September 22nd. Aegis restated a buy rating and set a $44.00 target price (up previously from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson began coverage on shares of eBay in a research report on Wednesday, September 13th. They set a buy rating and a $45.00 target price for the company. Goldman Sachs Group set a $40.00 target price on shares of eBay and gave the stock a buy rating in a research report on Thursday, October 19th. Finally, BMO Capital Markets restated a hold rating on shares of eBay in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $42.87.

eBay (NASDAQ:EBAY) opened at $44.30 on Tuesday. eBay has a 52-week low of $31.80 and a 52-week high of $46.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a market cap of $46,270.00, a price-to-earnings ratio of -41.79, a price-to-earnings-growth ratio of 2.82 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 15.57%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. equities analysts anticipate that eBay will post 1.8 earnings per share for the current fiscal year.

eBay announced that its board has initiated a stock repurchase plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

In related news, SVP Raymond J. Pittman sold 31,400 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the sale, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at $2,644,803.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the sale, 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 sold 42,419 shares of company stock worth $1,512,740 over the last ninety days. 6.78% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of EBAY. Captrust Financial Advisors bought a new position in shares of eBay during the second quarter worth about $108,000. BB&T Investment Services Inc. bought a new position in shares of eBay during the second quarter worth about $119,000. Valeo Financial Advisors LLC bought a new position in shares of eBay during the third quarter worth about $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of eBay during the second quarter worth about $123,000. Finally, Westside Investment Management Inc. grew its position 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 worth $127,000 after acquiring an additional 60 shares during the last quarter. 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.

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