eBay Inc. (NASDAQ:EBAY)‘s stock had its “positive” rating reaffirmed by Susquehanna Bancshares Inc in a research report issued on Sunday, July 23rd. They presently have a $41.00 price objective on the e-commerce company’s stock, up from their previous price objective of $40.00. Susquehanna Bancshares Inc’s price objective indicates a potential upside of 17.85% from the stock’s current price.
EBAY has been the subject of a number of other reports. Macquarie reaffirmed a “neutral” rating and set a $39.00 price target on shares of eBay in a research report on Tuesday, April 18th. Credit Suisse Group raised shares of eBay to a “buy” rating and set a $44.00 price objective for the company in a research report on Monday, June 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 price target on shares of eBay in a research report on Friday, April 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of eBay in a research report on Thursday, April 20th. Finally, Bank of America Corporation increased their price target on shares of eBay from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.05.
eBay (NASDAQ EBAY) traded down 0.20% during midday trading on Friday, hitting $34.78. The company had a trading volume of 8,747,216 shares. eBay has a 52 week low of $27.28 and a 52 week high of $37.48. The stock has a market capitalization of $37.23 billion, a PE ratio of 5.22 and a beta of 1.36. The stock has a 50 day moving average price of $35.77 and a 200-day moving average price of $34.33. eBay also was the target of unusually large options trading on Wednesday. Stock traders bought 2,194 put options on the company. This represents an increase of 231% compared to the typical volume of 663 put options.
eBay announced that its board has initiated a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
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In related news, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $35.00, for a total value of $1,219,120.00. Following the transaction, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock worth $3,376,547 over the last ninety days. Insiders own 6.78% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Captrust Financial Advisors bought a new stake in shares of eBay during the second quarter valued at $108,000. BB&T Investment Services Inc. bought a new stake in shares of eBay during the second quarter valued at $119,000. Westside Investment Management Inc. raised its position in shares of 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay during the second quarter valued at approximately $123,000. Finally, FNY Partners Fund LP raised its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.
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.
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