eBay Inc. (NASDAQ:EBAY) PT Set at $44.00 by Credit Suisse Group

Credit Suisse Group set a $44.00 price target on eBay Inc. (NASDAQ:EBAY) in a research report released on Tuesday. The firm currently has a buy rating on the e-commerce company’s stock.

Several other analysts also recently weighed in on EBAY. Maxim Group reaffirmed a buy rating and set a $36.00 target price on shares of eBay in a research note on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a hold rating and set a $34.00 target price on shares of eBay in a research note on Thursday, April 13th. Stifel Nicolaus reaffirmed a hold rating and set a $35.00 target price on shares of eBay in a research note on Friday, April 14th. Susquehanna Bancshares Inc reaffirmed a positive rating and set a $36.00 target price on shares of eBay in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $36.00 target price on shares of eBay in a research note on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. eBay presently has a consensus rating of Hold and a consensus target price of $36.09.

Shares of eBay (NASDAQ EBAY) traded down 0.08% during midday trading on Tuesday, reaching $37.05. The company’s stock had a trading volume of 8,185,631 shares. eBay has a 1-year low of $25.95 and a 1-year high of $37.20. The company’s 50-day moving average price is $34.72 and its 200 day moving average price is $32.99. The firm has a market capitalization of $40.10 billion, a PE ratio of 5.34 and a beta of 1.36.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities research analysts forecast that eBay will post $2.01 earnings per share for the current year.

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In related news, SVP Stephen Fisher sold 33,008 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the sale, the senior vice president now directly owns 109,468 shares in the company, valued at approximately $3,541,289.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the sale, the director now owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,712 shares of company stock worth $2,877,612. 6.78% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position 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 buying an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP increased its position 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 buying an additional 23,404,909 shares in the last quarter. Nordea Investment Management AB increased its position in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares in the last quarter. Renaissance Technologies LLC purchased a new position in eBay during the first quarter valued at about $96,616,000. Finally, Steadfast Capital Management LP increased its position in eBay by 42.8% in the first quarter. Steadfast Capital Management LP now owns 9,042,180 shares of the e-commerce company’s stock valued at $303,546,000 after buying an additional 2,708,246 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

eBay Company Profile

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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