Robert W. Baird Cuts eBay (NASDAQ:EBAY) Price Target to $68.00

eBay (NASDAQ:EBAY) had its price objective reduced by investment analysts at Robert W. Baird from $70.00 to $68.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the e-commerce company’s stock. Robert W. Baird’s price objective indicates a potential upside of 17.02% from the stock’s current price.

Several other brokerages also recently issued reports on EBAY. Morgan Stanley raised their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America lifted their target price on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. UBS Group lifted their target price on eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.86.

eBay Trading Up 1.0 %

NASDAQ:EBAY opened at $58.11 on Thursday. The company has a market cap of $28.42 billion, a PE ratio of 14.60, a P/E/G ratio of 1.95 and a beta of 1.32. eBay has a 52 week low of $37.17 and a 52 week high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $62.99 and its two-hundred day moving average is $56.72.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 30.15% and a net margin of 19.68%. On average, analysts predict that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock worth $2,678,424 in the last three months. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Vanguard Group Inc. grew its holdings in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after buying an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. boosted its position in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. M&G Plc acquired a new stake in eBay during the first quarter valued at $97,557,000. Swedbank AB acquired a new stake in eBay during the first quarter valued at $73,777,000. Finally, Altshuler Shaham Ltd acquired a new stake in eBay during the second quarter valued at $71,593,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.