eBay (NASDAQ:EBAY) Price Target Raised to $54.00 at SunTrust Banks

eBay (NASDAQ:EBAY) had its price target lifted by stock analysts at SunTrust Banks from $50.00 to $54.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has a “hold” rating on the e-commerce company’s stock. SunTrust Banks’ price objective would suggest a potential upside of 6.45% from the stock’s previous close.

Several other analysts also recently commented on the stock. Jefferies Financial Group raised shares of eBay from an “underperform” rating to a “hold” rating and increased their price objective for the company from $30.00 to $52.00 in a research report on Wednesday, June 10th. Mizuho increased their price objective on shares of eBay from $42.00 to $46.00 in a research report on Friday, June 5th. Guggenheim raised shares of eBay from a “neutral” rating to a “buy” rating in a research report on Monday, April 6th. They noted that the move was a valuation call. Bank of America increased their price objective on shares of eBay from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.58.

Shares of eBay stock traded up $1.33 during trading on Friday, hitting $50.73. The company’s stock had a trading volume of 1,931,321 shares, compared to its average volume of 13,679,269. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.34 and a current ratio of 1.34. The company has a fifty day simple moving average of $45.45 and a two-hundred day simple moving average of $37.80. The company has a market capitalization of $34.27 billion, a PE ratio of 8.43, a P/E/G ratio of 1.32 and a beta of 1.38. eBay has a 52 week low of $26.02 and a 52 week high of $51.88.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.05. eBay had a net margin of 44.44% and a return on equity of 63.44%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted $0.67 EPS. eBay’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts predict that eBay will post 2.89 EPS for the current year.

In other news, SVP Wendy Elizabeth Jones sold 62,719 shares of eBay stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $38.48, for a total value of $2,413,427.12. Following the transaction, the senior vice president now directly owns 68,909 shares in the company, valued at $2,651,618.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew John Cring sold 23,240 shares of eBay stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the transaction, the chief financial officer now owns 117,919 shares in the company, valued at $5,070,517. The disclosure for this sale can be found here. 5.02% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of EBAY. Cetera Advisor Networks LLC increased its stake in shares of eBay by 22.6% in the fourth quarter. Cetera Advisor Networks LLC now owns 9,296 shares of the e-commerce company’s stock worth $334,000 after purchasing an additional 1,711 shares during the period. Banque Cantonale Vaudoise acquired a new stake in eBay during the fourth quarter worth about $679,000. Duality Advisers LP grew its position in eBay by 10.6% during the fourth quarter. Duality Advisers LP now owns 81,676 shares of the e-commerce company’s stock worth $2,949,000 after buying an additional 7,846 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its position in eBay by 172.2% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 24,497 shares of the e-commerce company’s stock worth $885,000 after buying an additional 15,497 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY grew its position in eBay by 44.3% during the fourth quarter. Matrix Asset Advisors Inc. NY now owns 292,849 shares of the e-commerce company’s stock worth $10,575,000 after buying an additional 89,844 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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