eBay (NASDAQ:EBAY) PT Raised to $45.00

eBay (NASDAQ:EBAY) had its price target boosted by investment analysts at Wells Fargo & Co from $43.00 to $45.00 in a research report issued on Monday, BenzingaRatingsTable reports. The firm currently has a “market perform” rating on the e-commerce company’s stock. Wells Fargo & Co‘s price target points to a potential upside of 30.28% from the company’s current price.

Several other equities research analysts also recently weighed in on EBAY. Citigroup increased their target price on shares of eBay from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Deutsche Bank reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of eBay in a research note on Tuesday, October 22nd. UBS Group decreased their target price on eBay from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Robert W. Baird set a $46.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Macquarie set a $44.00 price target on shares of eBay and gave the company a “hold” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.77.

EBAY traded down $0.36 during trading on Monday, reaching $34.54. The stock had a trading volume of 1,410,658 shares, compared to its average volume of 7,018,906. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $28.90 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.51 and a beta of 1.37. The stock’s 50 day moving average is $36.15 and its two-hundred day moving average is $38.44. eBay has a one year low of $26.01 and a one year high of $42.00.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. eBay had a net margin of 18.33% and a return on equity of 41.12%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm earned $0.56 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that eBay will post 2.28 earnings per share for the current year.

In other news, SVP Wendy Elizabeth Jones sold 7,878 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $35.73, for a total transaction of $281,480.94. Following the transaction, the senior vice president now directly owns 39,000 shares of the company’s stock, valued at $1,393,470. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Kensico Capital Management Corp raised its stake in shares of eBay by 16.7% in the 3rd quarter. Kensico Capital Management Corp now owns 6,610,000 shares of the e-commerce company’s stock valued at $257,658,000 after purchasing an additional 945,800 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in shares of eBay by 18.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 158,096 shares of the e-commerce company’s stock valued at $6,163,000 after buying an additional 24,981 shares during the last quarter. Man Group plc grew its position in shares of eBay by 43.5% during the 3rd quarter. Man Group plc now owns 3,979,812 shares of the e-commerce company’s stock valued at $155,135,000 after buying an additional 1,207,216 shares during the last quarter. Soros Fund Management LLC raised its stake in eBay by 11.8% during the third quarter. Soros Fund Management LLC now owns 1,191,000 shares of the e-commerce company’s stock worth $46,425,000 after acquiring an additional 126,000 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in eBay during the third quarter worth about $1,511,000. Institutional investors own 87.38% of the company’s stock.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Analyst Recommendations for eBay (NASDAQ:EBAY)

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