eBay Inc. (NASDAQ:EBAY) rose 1.8% during mid-day trading on Wednesday . The company traded as high as $31.30 and last traded at $31.22, with a volume of 5,894,932 shares changing hands. The stock had previously closed at $30.67.

EBAY has been the subject of a number of analyst reports. Benchmark Co. reissued a “buy” rating and issued a $29.00 price objective (up previously from $28.00) on shares of eBay in a report on Wednesday, April 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of eBay in a research note on Wednesday, April 27th. Citigroup Inc. reaffirmed a “buy” rating on shares of eBay in a research note on Wednesday, April 27th. Bank of America Corp. reaffirmed a “buy” rating on shares of eBay in a research note on Wednesday, May 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $30.00 target price on shares of eBay in a research note on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $32.39.

The stock has a market capitalization of $35.19 billion and a price-to-earnings ratio of 19.16. The stock has a 50-day moving average of $29.05 and a 200-day moving average of $25.30.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. During the same period in the prior year, the company posted $0.42 earnings per share. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. The business’s revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that eBay Inc. will post $1.89 earnings per share for the current fiscal year.

In other eBay news, Director Robert Holmes Swan sold 50,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.65, for a total value of $1,532,500.00. Following the sale, the director now directly owns 425,288 shares of the company’s stock, valued at $13,035,077.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 23,958 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the completion of the sale, the vice president now directly owns 48,605 shares in the company, valued at $1,485,368.80. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of eBay by 9.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,461,635 shares of the e-commerce company’s stock valued at $95,126,000 after buying an additional 303,761 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eBay by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,609 shares of the e-commerce company’s stock valued at $65,203,000 after buying an additional 160,403 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of eBay by 4.4% in the fourth quarter. BlackRock Advisors LLC now owns 2,043,686 shares of the e-commerce company’s stock valued at $56,160,000 after buying an additional 86,598 shares in the last quarter. American International Group Inc. raised its stake in shares of eBay by 5.9% in the fourth quarter. American International Group Inc. now owns 551,337 shares of the e-commerce company’s stock valued at $15,151,000 after buying an additional 30,660 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its stake in shares of eBay by 162.8% in the fourth quarter. State of Tennessee Treasury Department now owns 450,903 shares of the e-commerce company’s stock valued at $12,391,000 after buying an additional 279,303 shares in the last quarter.

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

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