eBay (EBAY) Given New $44.00 Price Target at Robert W. Baird

eBay (NASDAQ:EBAY) had its target price hoisted by Robert W. Baird from $38.00 to $44.00 in a research note published on Tuesday morning. They currently have an outperform rating on the e-commerce company’s stock.

Several other equities research analysts also recently weighed in on the company. Aegis restated a buy rating and set a $45.00 price target on shares of eBay in a report on Saturday, December 30th. BidaskClub upgraded eBay from a sell rating to a hold rating in a report on Wednesday, December 6th. Evercore ISI assumed coverage on eBay in a report on Tuesday, December 5th. They set an in-line rating and a $36.00 price target on the stock. They noted that the move was a valuation call. BMO Capital Markets upgraded eBay from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a report on Monday, December 4th. Finally, SunTrust Banks restated a hold rating and set a $38.00 price target on shares of eBay in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have given a buy rating to the company. eBay presently has a consensus rating of Hold and an average price target of $38.88.

Shares of eBay (NASDAQ:EBAY) traded up $0.21 during midday trading on Tuesday, reaching $38.02. The company’s stock had a trading volume of 11,943,454 shares, compared to its average volume of 9,460,000. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay has a 12 month low of $29.69 and a 12 month high of $40.13. The stock has a market cap of $39,710.00, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.34.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the business earned $0.45 EPS. eBay’s revenue was up 8.7% on a year-over-year basis. analysts anticipate that eBay will post 1.65 EPS for the current year.

In related news, SVP Raymond J. Pittman sold 31,400 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the completion of the sale, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 69,406 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the sale, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at $5,420,488.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,242 shares of company stock valued at $6,842,297. Insiders own 6.78% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in eBay by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock valued at $2,378,116,000 after acquiring an additional 1,121,890 shares during the last quarter. Independent Franchise Partners LLP raised its stake in eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after acquiring an additional 3,406,261 shares during the last quarter. Nordea Investment Management AB raised its stake in eBay by 20.4% during the 3rd quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock valued at $707,963,000 after acquiring an additional 3,118,453 shares during the last quarter. Glenview Capital Management LLC raised its stake in eBay by 442.0% during the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock valued at $310,995,000 after acquiring an additional 7,262,862 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in eBay by 34.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 8,455,724 shares of the e-commerce company’s stock valued at $295,274,000 after acquiring an additional 2,163,730 shares during the last quarter. 85.93% of the stock is owned by hedge funds and other 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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