eBay (EBAY) Rating Reiterated by Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of eBay (NASDAQ:EBAY) in a research report report published on Thursday morning. They currently have a $52.00 target price on the e-commerce company’s stock.

A number of other research analysts have also recently weighed in on EBAY. Aegis boosted their target price on shares of eBay from $45.00 to $52.00 and gave the company a buy rating in a research note on Thursday, February 1st. JPMorgan Chase set a $45.00 target price on shares of eBay and gave the company a neutral rating in a research note on Thursday, February 1st. Goldman Sachs set a $49.00 target price on shares of eBay and gave the company a buy rating in a research note on Thursday, February 1st. JMP Securities reiterated a neutral rating on shares of eBay in a research note on Tuesday, February 6th. Finally, BidaskClub upgraded shares of eBay from a hold rating to a buy rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $43.46.

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EBAY opened at $40.24 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market capitalization of $40,726.10, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.29 and a beta of 1.18. eBay has a twelve month low of $31.89 and a twelve month high of $46.99.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.59. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. research analysts anticipate that eBay will post 1.84 earnings per share for the current fiscal year.

eBay declared that its Board of Directors has approved a share buyback program 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 buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, CFO Scott F. Schenkel sold 131,332 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $43.25, for a total value of $5,680,109.00. Following the transaction, the chief financial officer now owns 91,757 shares of the company’s stock, valued at approximately $3,968,490.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stephen Fisher sold 22,561 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the transaction, the senior vice president now directly owns 95,383 shares in the company, valued at approximately $4,193,990.51. The disclosure for this sale can be found here. Insiders sold a total of 393,202 shares of company stock worth $16,971,727 in the last three months. Insiders own 6.78% of the company’s stock.

Several large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB increased its holdings in shares of eBay by 6.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 171,930 shares of the e-commerce company’s stock worth $6,489,000 after buying an additional 10,927 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of eBay by 14.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 210,528 shares of the e-commerce company’s stock worth $7,945,000 after buying an additional 27,226 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of eBay by 10.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 417,913 shares of the e-commerce company’s stock worth $15,772,000 after buying an additional 40,862 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of eBay by 25.5% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,257 shares of the e-commerce company’s stock worth $614,000 after buying an additional 3,300 shares during the last quarter. Finally, Wunderlich Capital Managemnt increased its holdings in shares of eBay by 4.5% in the 4th quarter. Wunderlich Capital Managemnt now owns 27,480 shares of the e-commerce company’s stock worth $1,037,000 after buying an additional 1,186 shares during the last quarter. 88.86% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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