eBay Inc. (NASDAQ:EBAY) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $39.93 and last traded at $39.69, with a volume of 7289800 shares trading hands. The stock had previously closed at $38.57.

A number of research firms have issued reports on EBAY. Guggenheim began coverage on shares of eBay in a report on Friday, October 20th. They issued a “neutral” rating on the stock. Aegis restated a “buy” rating and issued a $45.00 target price on shares of eBay in a report on Friday, December 22nd. Benchmark restated a “buy” rating and issued a $45.00 target price on shares of eBay in a report on Thursday, October 19th. Morgan Stanley set a $34.00 target price on shares of eBay and gave the company a “sell” rating in a report on Thursday, October 19th. Finally, Canaccord Genuity upped their target price on shares of eBay from $34.00 to $35.00 and gave the company a “hold” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.54.

The firm has a market cap of $41,460.00, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. sell-side analysts forecast that eBay Inc. will post 1.65 earnings per share for the current fiscal year.

In related news, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the completion of the sale, the senior vice president now owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the sale, the vice president now directly owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,242 shares of company stock valued at $6,842,297. Corporate insiders own 6.78% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. grew its position in eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares in the last quarter. Frontier Wealth Management LLC grew its position in eBay by 2.3% in the second quarter. Frontier Wealth Management LLC now owns 6,104 shares of the e-commerce company’s stock valued at $213,000 after acquiring an additional 135 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its position in eBay by 0.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 51,535 shares of the e-commerce company’s stock valued at $1,800,000 after acquiring an additional 225 shares in the last quarter. Eagle Asset Management Inc. grew its position in eBay by 3.8% in the second quarter. Eagle Asset Management Inc. now owns 8,425 shares of the e-commerce company’s stock valued at $294,000 after acquiring an additional 309 shares in the last quarter. Finally, Advisor Group Inc. grew its position in eBay by 0.8% in the second quarter. Advisor Group Inc. now owns 43,958 shares of the e-commerce company’s stock valued at $1,510,000 after acquiring an additional 346 shares in the last quarter. 85.93% of the stock is owned by hedge funds and other institutional investors.

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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.

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