Trade Report: Today, eBay Inc. (EBAY) PT Set at $41.00 by Sanford C. Bernstein

Today, eBay Inc. (EBAY) PT Set at $41.00 by Sanford C. Bernstein

Sanford C. Bernstein set a $41.00 target price on eBay Inc. (NASDAQ:EBAY) in a research note released on Wednesday morning. The brokerage currently has a a buy rating on the e-commerce company’s stock.

Several other equities analysts have also recently weighed in on the company. Argus reissued a buy rating and set a $36.00 price target on shares of eBay in a report on Tuesday, July 26th. Deutsche Bank AG raised eBay from a hold rating to a buy rating and raised their target price for the stock from $30.00 to $40.00 in a report on Wednesday, September 28th. Goldman Sachs Group Inc. set a $34.00 target price on eBay and gave the stock a buy rating in a report on Thursday, July 21st. Robert W. Baird reaffirmed an outperform rating and issued a $35.00 target price on shares of eBay in a report on Monday, August 1st. Finally, Axiom Securities reaffirmed a buy rating and issued a $34.00 target price (up from $30.00) on shares of eBay in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $33.88.

Shares of eBay (NASDAQ:EBAY) opened at 31.81 on Wednesday. The firm’s 50-day moving average price is $32.01 and its 200 day moving average price is $27.54. eBay has a 52 week low of $21.52 and a 52 week high of $33.19. The company has a market cap of $35.91 billion, a price-to-earnings ratio of 19.55 and a beta of 1.17.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities research analysts forecast that eBay will post $1.89 EPS for the current year.

In related news, SVP Kristin A. Yetto sold 17,596 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.79, for a total transaction of $541,780.84. Following the completion of the sale, the senior vice president now owns 19,346 shares of the company’s stock, valued at approximately $595,663.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Hyun Lee sold 3,222 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $31.53, for a total transaction of $101,589.66. Following the sale, the senior vice president now directly owns 107,154 shares of the company’s stock, valued at approximately $3,378,565.62. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EBAY. Mycio Wealth Partners LLC boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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 acquired a new stake in shares of eBay during the first quarter valued at about $143,000. 82.07% of the stock is owned by institutional investors.

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