Traders sold shares of eBay Inc. (NASDAQ:EBAY) on strength during trading on Wednesday. $49.90 million flowed into the stock on the tick-up and $90.36 million flowed out of the stock on the tick-down, for a money net flow of $40.46 million out of the stock. Of all stocks tracked, eBay had the 12th highest net out-flow for the day. eBay traded up $0.58 for the day and closed at $31.25

Several analysts recently issued reports on the company. Vetr upgraded eBay from a “sell” rating to a “hold” rating and set a $23.75 price target for the company in a research note on Monday, May 2nd. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a research note on Sunday, May 22nd. Deutsche Bank AG restated a “hold” rating on shares of eBay in a research note on Sunday, July 10th. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Monness Crespi & Hardt boosted their price target on eBay from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. eBay has an average rating of “Hold” and an average price target of $32.39.

The company has a market capitalization of $35.28 billion and a PE ratio of 19.21. The company has a 50-day moving average price of $29.25 and a 200-day moving average price of $25.34.

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

In other eBay news, VP Brian J. Doerger sold 23,958 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the sale, the vice president now directly owns 48,605 shares in the company, valued at approximately $1,485,368.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Raymond J. Pittman sold 25,000 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $24.24, for a total transaction of $606,000.00. Following the sale, the senior vice president now owns 23,729 shares of the company’s stock, valued at $575,190.96. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in EBAY. Victory Capital Management Inc. raised its stake in shares of eBay by 57.1% in the fourth quarter. Victory Capital Management Inc. now owns 42,735 shares of the e-commerce company’s stock worth $1,174,000 after buying an additional 15,537 shares in the last quarter. Calvert Investment Management Inc. raised its stake in eBay by 32.7% in the fourth quarter. Calvert Investment Management Inc. now owns 55,128 shares of the e-commerce company’s stock valued at $1,515,000 after buying an additional 13,599 shares during the period. I.G. Investment Management LTD. raised its stake in eBay by 25.9% in the fourth quarter. I.G. Investment Management LTD. now owns 112,546 shares of the e-commerce company’s stock valued at $3,093,000 after buying an additional 23,139 shares during the period. Stephens Inc. AR raised its stake in eBay by 2.3% in the fourth quarter. Stephens Inc. AR now owns 140,053 shares of the e-commerce company’s stock valued at $3,849,000 after buying an additional 3,121 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in eBay by 620.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,050 shares of the e-commerce company’s stock valued at $6,294,000 after buying an additional 197,250 shares during the period.

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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