eBay Inc. (NASDAQ:EBAY) hit a new 52-week high 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.

Several research analysts recently commented on EBAY shares. Susquehanna reiterated a “positive” rating and set a $34.00 price objective (up previously from $32.00) on shares of eBay in a research note on Thursday, July 21st. Mizuho boosted their price objective on shares of eBay from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Robert W. Baird reiterated a “buy” rating and set a $30.00 price objective on shares of eBay in a research note on Tuesday, July 12th. Finally, Axiom Securities boosted their price objective on shares of eBay from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.45.

The company has a market capitalization of $36.31 billion and a price-to-earnings ratio of 19.77. The firm has a 50 day moving average of $30.24 and a 200 day moving average of $25.67.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. Analysts expect that eBay Inc. will post $1.89 earnings per share for the current fiscal year.

In related news, SVP Jae Hyun Lee sold 5,625 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $31.02, for a total transaction of $174,487.50. Following the completion of the sale, the senior vice president now owns 101,529 shares of the company’s stock, valued at approximately $3,149,429.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $732,156.48. Following the sale, the vice president now directly owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in 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. increased its stake 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 worth $95,126,000 after buying an additional 303,761 shares during the period. American International Group Inc. increased its stake 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 worth $15,151,000 after buying an additional 30,660 shares during the period. State of Tennessee Treasury Department increased its stake 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 worth $12,391,000 after buying an additional 279,303 shares during the period. Finally, I.G. Investment Management LTD. increased 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 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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