Robert W. Baird Boosts eBay (EBAY) Price Target to $44.00

eBay (NASDAQ:EBAY) had its price target upped by Robert W. Baird from $38.00 to $44.00 in a research note issued to investors on Tuesday morning. Robert W. Baird currently has an outperform rating on the e-commerce company’s stock.

A number of other brokerages also recently issued reports on EBAY. Aegis reiterated a buy rating and issued a $44.00 price target (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. KeyCorp restated a hold rating on shares of eBay in a report on Wednesday, October 11th. Piper Jaffray Companies set a $34.00 target price on shares of eBay and gave the company a hold rating in a report on Wednesday, October 11th. DA Davidson began coverage on shares of eBay in a report on Wednesday, September 13th. They set a buy rating and a $45.00 target price for the company. Finally, Benchmark restated a buy rating and set a $45.00 target price (up from $40.00) on shares of eBay in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $38.71.

Shares of eBay (NASDAQ:EBAY) traded down $1.83 on Tuesday, hitting $37.70. 17,415,443 shares of the stock were exchanged, compared to its average volume of 9,389,400. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $39,380.00, a P/E ratio of 5.57, a PEG ratio of 2.75 and a beta of 1.34. eBay has a 1-year low of $29.69 and a 1-year high of $40.13.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. equities analysts forecast that eBay will post 1.65 EPS for the current fiscal year.

In other news, VP Brian J. Doerger sold 6,660 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total transaction of $239,693.40. Following the transaction, the vice president now directly owns 16,732 shares of the company’s stock, valued at $602,184.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Stephen Fisher sold 69,406 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now directly owns 144,047 shares in the company, valued at $5,420,488.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,242 shares of company stock worth $6,842,297. Corporate insiders own 6.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Asset Management Inc. increased its stake in shares of eBay by 3.8% in the second quarter. Eagle Asset Management Inc. now owns 8,425 shares of the e-commerce company’s stock worth $294,000 after buying an additional 309 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in shares of eBay by 58.6% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 68,823 shares of the e-commerce company’s stock worth $2,403,000 after buying an additional 25,440 shares during the last quarter. Summit Global Investments bought a new stake in shares of eBay in the second quarter worth $554,000. Teachers Advisors LLC increased its stake in shares of eBay by 97.4% in the second quarter. Teachers Advisors LLC now owns 4,370,510 shares of the e-commerce company’s stock worth $152,618,000 after buying an additional 2,156,959 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of eBay by 34.4% in the second quarter. TIAA CREF Investment Management LLC now owns 8,455,724 shares of the e-commerce company’s stock worth $295,274,000 after buying an additional 2,163,730 shares during the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.

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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.

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