Piper Jaffray Companies set a $34.00 price objective on eBay Inc. (NASDAQ:EBAY) in a research note published on Wednesday morning. The brokerage currently has a hold rating on the e-commerce company’s stock.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Company restated an outperform rating and issued a $45.00 target price on shares of eBay in a research report on Tuesday, September 26th. Benchmark Co. restated a buy rating and issued a $45.00 target price (up previously from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis reiterated a buy rating and set a $44.00 price objective (up previously from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson began coverage on eBay in a research report on Wednesday, September 13th. They set a buy rating and a $45.00 price objective on the stock. Finally, BMO Capital Markets reiterated a hold rating on shares of eBay in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $37.75.

eBay (NASDAQ EBAY) traded down 0.18% during mid-day trading on Wednesday, reaching $38.24. The company’s stock had a trading volume of 4,841,909 shares. eBay has a 12-month low of $27.28 and a 12-month high of $39.28. The company has a market cap of $40.93 billion, a PE ratio of 5.74 and a beta of 1.36. The firm’s 50 day moving average is $37.56 and its 200-day moving average is $35.42.

eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Equities analysts anticipate that eBay will post $2.00 earnings per share for the current fiscal year.

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eBay announced that its Board of Directors has initiated a share buyback program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other eBay news, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the sale, the vice president now directly owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the sale, the director now directly owns 262,119 shares of the company’s stock, valued at $9,832,083.69. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock valued at $3,439,297 over the last ninety days. 6.78% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Synovus Financial Corp lifted its holdings in eBay by 164.4% during the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock worth $2,091,000 after buying an additional 37,237 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in eBay by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after buying an additional 668,503 shares during the last quarter. Virtu KCG Holdings LLC lifted its holdings in eBay by 113.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock worth $2,238,000 after buying an additional 34,134 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in eBay during the 2nd quarter worth about $167,000. Finally, Marble Harbor Investment Counsel LLC lifted its holdings in eBay by 1.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 311,375 shares of the e-commerce company’s stock worth $10,873,000 after buying an additional 3,000 shares during the last quarter. 84.88% of the stock is owned by institutional investors.

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.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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