BidaskClub cut shares of eBay Inc. (NASDAQ:EBAY) from a buy rating to a hold rating in a research note released on Wednesday morning.

Other analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) restated a buy rating and set a $39.00 price objective (up from $38.00) on shares of eBay in a research note on Thursday, April 20th. Canaccord Genuity restated a hold rating and set a $32.00 price objective (up from $31.00) on shares of eBay in a research note on Thursday, April 20th. J P Morgan Chase & Co set a $38.00 price objective on shares of eBay and gave the company a neutral rating in a research note on Friday, July 21st. BMO Capital Markets restated a market perform rating and set a $36.00 price objective on shares of eBay in a research note on Saturday, July 22nd. Finally, Atlantic Securities restated a neutral rating and set a $36.00 price objective on shares of eBay in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have assigned a buy rating to the company. eBay has a consensus rating of Hold and a consensus target price of $36.91.

eBay (EBAY) traded down 0.25% on Wednesday, reaching $35.62. 5,182,474 shares of the company’s stock traded hands. The stock has a market cap of $38.12 billion, a price-to-earnings ratio of 5.34 and a beta of 1.36. eBay has a 12-month low of $27.28 and a 12-month high of $37.48. The stock has a 50 day moving average price of $35.51 and a 200 day moving average price of $33.97. eBay also was the target of some unusual options trading activity on Wednesday. Investors bought 2,194 put options on the stock. This represents an increase of 231% compared to the average daily volume of 663 put options.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the business posted $0.43 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts forecast that eBay will post $2.00 EPS for the current year.

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eBay declared that its Board of Directors has authorized a stock buyback program on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In other eBay news, Director Kathleen C. Mitic sold 11,897 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the completion of the transaction, the director now owns 20,162 shares of the company’s stock, valued at $682,282.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the director now directly owns 286,562 shares of the company’s stock, valued at approximately $10,029,670. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,206 shares of company stock valued at $2,659,043. 6.78% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EBAY. Westside Investment Management Inc. boosted its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP boosted its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services boosted its stake in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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