eBay’s (EBAY) “Outperform” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their outperform rating on shares of eBay Inc (NASDAQ:EBAY) in a research note issued to investors on Tuesday morning. Robert W. Baird currently has a $38.00 price objective on the e-commerce company’s stock.

Several other equities research analysts also recently weighed in on the stock. Jefferies Group LLC restated a hold rating and issued a $36.00 target price on shares of eBay in a research note on Tuesday, May 2nd. Benchmark Co. restated a buy rating and issued a $39.00 target price on shares of eBay in a research note on Saturday, April 22nd. Deutsche Bank AG restated a buy rating and issued a $39.00 target price (down from $40.00) on shares of eBay in a research note on Saturday, April 22nd. Cantor Fitzgerald restated a neutral rating and issued a $32.00 target price (up from $31.00) on shares of eBay in a research note on Saturday, April 22nd. Finally, Royal Bank of Canada restated a sector perform rating and issued a $36.00 target price (up from $34.00) on shares of eBay in a research note on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. eBay presently has an average rating of Hold and a consensus price target of $35.15.

Analyst Recommendations for eBay (NASDAQ:EBAY)

Shares of eBay (NASDAQ:EBAY) opened at 34.07 on Tuesday. The stock has a market capitalization of $36.88 billion, a P/E ratio of 4.91 and a beta of 1.31. The firm has a 50-day moving average price of $33.58 and a 200-day moving average price of $31.51. eBay has a 52-week low of $22.30 and a 52-week high of $34.74.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. eBay had a net margin of 80.92% and a return on equity of 24.13%. eBay’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. On average, analysts predict that eBay will post $2.01 EPS for the current year.

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In other eBay news, SVP Stephen Fisher sold 16,601 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $33.77, for a total transaction of $560,615.77. Following the completion of the transaction, the senior vice president now directly owns 97,023 shares in the company, valued at approximately $3,276,466.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Raymond J. Pittman sold 30,010 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $33.66, for a total transaction of $1,010,136.60. Following the transaction, the senior vice president now owns 95,279 shares of the company’s stock, valued at $3,207,091.14. The disclosure for this sale can be found here. Insiders have sold a total of 92,523 shares of company stock valued at $3,071,748 over the last 90 days. 7.40% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new position in eBay during the fourth quarter valued at $100,000. Physicians Financial Services Inc. increased its position in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the period. Westside Investment Management Inc. increased its position in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the period. SRS Capital Advisors Inc. acquired a new position in eBay during the fourth quarter valued at $149,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares during the period. Hedge funds and other institutional investors own 85.86% of the company’s stock.

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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