eBay (NASDAQ:EBAY)‘s stock had its “hold” rating restated by analysts at SunTrust Banks in a report issued on Friday, TipRanks reports. They currently have a $40.00 price objective on the e-commerce company’s stock. SunTrust Banks’ price objective indicates a potential upside of 14.61% from the company’s previous close.

A number of other equities analysts also recently commented on EBAY. Macquarie set a $44.00 price objective on eBay and gave the stock a “hold” rating in a research report on Thursday, September 26th. Benchmark reduced their price objective on eBay from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Cowen set a $36.00 price objective on eBay and gave the stock a “hold” rating in a research report on Monday, October 21st. Morgan Stanley reduced their price objective on eBay from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, Citigroup lifted their price objective on eBay from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.77.

eBay stock traded down $0.62 during trading on Friday, reaching $34.90. 10,174,388 shares of the company were exchanged, compared to its average volume of 9,397,965. eBay has a 52-week low of $26.01 and a 52-week high of $42.00. The company has a market capitalization of $28.90 billion, a P/E ratio of 19.72, a PEG ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s 50 day simple moving average is $36.34 and its two-hundred day simple moving average is $38.47.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. eBay had a return on equity of 41.12% and a net margin of 18.33%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts forecast that eBay will post 2.28 earnings per share for the current year.

In other news, SVP Wendy Elizabeth Jones sold 7,878 shares of eBay stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total value of $281,480.94. Following the completion of the sale, the senior vice president now directly owns 39,000 shares of the company’s stock, valued at $1,393,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin Wenig sold 10,000 shares of eBay stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total value of $398,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,022,419 shares of the company’s stock, valued at $40,753,621.34. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. MUFG Americas Holdings Corp grew its stake in eBay by 1.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 17,483 shares of the e-commerce company’s stock worth $681,000 after purchasing an additional 291 shares in the last quarter. Covington Capital Management lifted its holdings in shares of eBay by 1.3% in the 2nd quarter. Covington Capital Management now owns 22,733 shares of the e-commerce company’s stock valued at $898,000 after purchasing an additional 293 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of eBay by 2.8% in the 2nd quarter. Greenleaf Trust now owns 11,171 shares of the e-commerce company’s stock valued at $441,000 after purchasing an additional 299 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of eBay by 2.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 13,730 shares of the e-commerce company’s stock valued at $542,000 after purchasing an additional 300 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of eBay by 1.1% in the 3rd quarter. Wetherby Asset Management Inc. now owns 30,165 shares of the e-commerce company’s stock valued at $1,176,000 after purchasing an additional 316 shares during the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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