eBay (EBAY) Price Target Cut to $41.00
eBay (NASDAQ:EBAY) had its price target cut by stock analysts at Robert W. Baird from $44.00 to $41.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the e-commerce company’s stock. Robert W. Baird’s price target would suggest a potential upside of 29.26% from the company’s current price.
A number of other equities analysts have also recently commented on the company. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a report on Wednesday, September 12th. Wedbush reiterated a “neutral” rating and issued a $36.00 target price on shares of eBay in a report on Thursday, September 13th. BidaskClub cut eBay from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th. Credit Suisse Group dropped their price objective on eBay from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, July 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $44.00 price objective on shares of eBay in a report on Monday, September 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.25.
Shares of eBay stock opened at $31.72 on Thursday. The company has a market capitalization of $32.67 billion, a PE ratio of 19.46, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. eBay has a one year low of $30.75 and a one year high of $46.99.
In other eBay news, SVP Wendy Elizabeth Jones sold 10,516 shares of eBay stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $33.68, for a total transaction of $354,178.88. Following the completion of the sale, the senior vice president now directly owns 21,620 shares of the company’s stock, valued at approximately $728,161.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 4,811 shares of eBay stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $34.05, for a total value of $163,814.55. Following the sale, the vice president now directly owns 34,644 shares of the company’s stock, valued at $1,179,628.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,158 shares of company stock valued at $4,718,578. 6.22% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC raised its position in shares of eBay by 13.7% in the 2nd quarter. BKD Wealth Advisors LLC now owns 11,193 shares of the e-commerce company’s stock worth $406,000 after acquiring an additional 1,345 shares in the last quarter. Korea Investment CORP raised its position in shares of eBay by 0.4% in the 2nd quarter. Korea Investment CORP now owns 404,131 shares of the e-commerce company’s stock worth $14,654,000 after acquiring an additional 1,500 shares in the last quarter. Timber Creek Capital Management LLC raised its position in shares of eBay by 2.8% in the 2nd quarter. Timber Creek Capital Management LLC now owns 57,455 shares of the e-commerce company’s stock worth $2,083,000 after acquiring an additional 1,540 shares in the last quarter. MUFG Americas Holdings Corp raised its position in shares of eBay by 11.7% in the 2nd quarter. MUFG Americas Holdings Corp now owns 14,953 shares of the e-commerce company’s stock worth $542,000 after acquiring an additional 1,567 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in eBay by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 19,849 shares of the e-commerce company’s stock valued at $720,000 after buying an additional 1,568 shares in the last quarter. 84.84% of the stock is owned by hedge funds and other institutional investors.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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