eBay Inc. (NASDAQ:EBAY) shot up 1.8% during 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. The stock had previously closed at $30.67.

A number of brokerages have issued reports on EBAY. Cantor Fitzgerald reissued a “hold” rating on shares of eBay in a report on Saturday, July 9th. Deutsche Bank AG reissued a “hold” rating on shares of eBay in a report on Sunday, July 10th. Wedbush reissued a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of eBay in a report on Thursday, April 28th. Vetr raised shares of eBay from a “sell” rating to a “hold” rating and set a $23.75 target price on the stock in a report on Monday, May 2nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $30.00 target price on shares of eBay in a report on Friday, May 13th. 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 issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.39.

The firm has a market cap of $35.38 billion and a price-to-earnings ratio of 19.26. The firm has a 50-day moving average of $29.46 and a 200 day moving average of $25.38.

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

In related news, VP Brian J. Doerger sold 23,958 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 48,605 shares in the company, valued at approximately $1,485,368.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jae Hyun Lee sold 11,768 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $31.00, for a total transaction of $364,808.00. Following the transaction, the senior vice president now owns 120,977 shares of the company’s stock, valued at approximately $3,750,287. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in 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 during the period. Dimensional Fund Advisors LP raised its position in 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 during the period. American International Group Inc. raised its position in 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 during the period. State of Tennessee Treasury Department raised its position in 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 during the period. Finally, I.G. Investment Management LTD. raised its position 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.

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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