Robert W. Baird Boosts eBay (NASDAQ:EBAY) Price Target to $75.00

eBay (NASDAQ:EBAY) had its price objective hoisted by Robert W. Baird from $68.00 to $75.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the e-commerce company’s stock. Robert W. Baird’s price objective points to a potential upside of 9.33% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Bank of America cut their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price objective on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Needham & Company LLC boosted their price target on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Susquehanna upped their price objective on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.12.

eBay Stock Up 1.4 %

Shares of NASDAQ:EBAY opened at $68.60 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a fifty-two week low of $49.25 and a fifty-two week high of $71.61. The stock has a market cap of $31.97 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm’s 50 day moving average price is $65.83 and its 200 day moving average price is $65.02.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On eBay

Several hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in eBay in the fourth quarter valued at $27,000. Orion Capital Management LLC acquired a new stake in eBay in the 4th quarter valued at about $27,000. Abound Financial LLC purchased a new position in eBay during the 1st quarter valued at about $29,000. Pinney & Scofield Inc. acquired a new position in eBay during the fourth quarter worth about $31,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter valued at about $33,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.