Piper Jaffray Companies set a $34.00 target price on eBay Inc. (NASDAQ:EBAY) in a report issued on Wednesday morning. The brokerage currently has a hold rating on the e-commerce company’s stock.

EBAY has been the subject of a number of other reports. Benchmark Co. boosted their price objective on eBay from $39.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, July 19th. Susquehanna Bancshares Inc reissued a positive rating and set a $41.00 price objective (up from $40.00) on shares of eBay in a report on Sunday, July 23rd. Morgan Stanley reissued an underweight rating and set a $28.00 price objective on shares of eBay in a report on Saturday, July 22nd. Robert W. Baird reissued an outperform rating and set a $38.00 price objective on shares of eBay in a report on Thursday, July 13th. Finally, Aegis reissued a buy rating and set a $42.00 price objective on shares of eBay in a report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. eBay has an average rating of Hold and a consensus target price of $37.66.

Shares of eBay (EBAY) traded up 0.68% on Wednesday, reaching $38.35. The company had a trading volume of 9,421,796 shares. The stock has a 50-day moving average price of $37.75 and a 200-day moving average price of $35.48. eBay has a 12 month low of $27.28 and a 12 month high of $39.28. The stock has a market cap of $41.05 billion, a PE ratio of 5.75 and a beta of 1.36.

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

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eBay declared that its board has approved a share buyback plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the transaction, the director now owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last three months, insiders sold 95,238 shares of company stock worth $3,439,297. 6.78% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in eBay by 1.7% in the second quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock valued at $2,378,116,000 after acquiring an additional 1,121,890 shares during the last quarter. BlackRock Inc. increased its stake in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after acquiring an additional 59,937,723 shares during the last quarter. Wellington Management Group LLP increased its stake in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after acquiring an additional 23,404,909 shares during the last quarter. Independent Franchise Partners LLP increased its stake in eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after acquiring an additional 2,898,085 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in eBay by 2.4% in the second quarter. Nordea Investment Management AB now owns 15,289,334 shares of the e-commerce company’s stock valued at $533,904,000 after acquiring an additional 360,664 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

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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