Shares of eBay Inc. (NASDAQ:EBAY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $32.03 and last traded at $31.95, with a volume of 5,519,457 shares traded. The stock had previously closed at $31.40.

EBAY has been the subject of several research reports. Cantor Fitzgerald reiterated a “hold” rating on shares of eBay in a research report on Sunday, August 14th. Citigroup Inc. reiterated a “buy” rating and set a $33.00 price target on shares of eBay in a research report on Tuesday, June 7th. Robert W. Baird restated an “outperform” rating and issued a $35.00 target price on shares of eBay in a report on Monday, August 1st. JPMorgan Chase & Co. set a $26.00 target price on eBay and gave the company a “neutral” rating in a report on Tuesday, July 12th. Finally, Susquehanna restated a “positive” rating and issued a $34.00 target price (up from $32.00) on shares of eBay in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, twenty-three have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.45.

The firm has a 50-day moving average of $29.86 and a 200-day moving average of $25.56. The company has a market capitalization of $35.77 billion and a P/E ratio of 19.474.

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

In related news, SVP Jae Hyun Lee sold 3,222 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $31.53, for a total value of $101,589.66. Following the completion of the transaction, the senior vice president now directly owns 107,154 shares of the company’s stock, valued at approximately $3,378,565.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 23,958 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of EBAY. Ameriprise Financial Inc. raised its position in shares of eBay by 62.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,908,447 shares of the e-commerce company’s stock worth $52,445,000 after buying an additional 734,357 shares during the period. Schwab Charles Investment Management Inc. raised its position 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 worth $95,126,000 after buying an additional 303,761 shares during the period. State of Tennessee Treasury Department raised its position 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 worth $12,391,000 after buying an additional 279,303 shares during the period. American International Group Inc. raised its position 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 worth $15,151,000 after buying an additional 30,660 shares during the period. Finally, I.G. Investment Management LTD. raised its position in shares of 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 worth $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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