eBay Inc. (NASDAQ:EBAY) had its price objective lifted by Axiom Securities from $34.00 to $38.00 in a research report sent to investors on Tuesday. Axiom Securities currently has a buy rating on the e-commerce company’s stock.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald restated a hold rating on shares of eBay in a research report on Saturday, July 9th. Deutsche Bank AG restated a hold rating on shares of eBay in a research report on Sunday, July 10th. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a buy rating in a research report on Thursday, July 21st. Monness Crespi & Hardt upped their price target on eBay from $29.00 to $32.00 and gave the company a buy rating in a research report on Thursday, July 21st. Finally, Robert W. Baird reiterated an outperform rating and issued a $35.00 price target on shares of eBay in a research report on Monday, August 8th. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. eBay presently has an average rating of Hold and a consensus price target of $32.56.

Shares of eBay (NASDAQ:EBAY) opened at 31.77 on Tuesday. The company has a 50-day moving average price of $31.38 and a 200-day moving average price of $26.18. The firm has a market cap of $35.87 billion, a price-to-earnings ratio of 19.53 and a beta of 1.13. eBay has a 12 month low of $21.52 and a 12 month high of $32.81.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. eBay’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Analysts forecast that eBay will post $1.89 earnings per share for the current fiscal year.

In other news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.65, for a total value of $1,532,500.00. Following the transaction, the director now owns 425,288 shares in the company, valued at $13,035,077.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the completion of the transaction, the vice president now owns 48,605 shares in the company, valued at approximately $1,485,368.80. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Mycio Wealth Partners LLC increased its position in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares in the last quarter. Washington Trust Bank increased its position in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares in the last quarter. Advisory Services Network LLC increased its position in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock valued at $114,000 after buying an additional 150 shares in the last quarter. Quadrant Capital Group LLC increased its position in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares in the last quarter. Finally, Parametric Risk Advisors LLC bought a new position in eBay during the first quarter valued at approximately $143,000. Hedge funds and other institutional investors own 82.08% of the company’s stock.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

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