eBay Inc (EBAY) Given a $34.00 Price Target by J P Morgan Chase & Co Analysts

eBay Inc (EBAY) Given a $34.00 Price Target by J P Morgan Chase & Co Analysts

eBay Inc (NASDAQ:EBAY) has been given a $34.00 target price by J P Morgan Chase & Co in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the e-commerce company’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 4.58% from the stock’s previous close.

Other analysts also recently issued reports about the company. Vetr upgraded eBay from a “hold” rating to a “strong-buy” rating and set a $33.04 price target for the company in a report on Thursday, October 20th. Deutsche Bank AG upgraded eBay from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $40.00 in a report on Wednesday, September 28th. Jefferies Group LLC set a $32.00 price target on eBay and gave the company a “neutral” rating in a report on Tuesday, January 24th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $25.00 price target on shares of eBay in a report on Saturday, October 15th. Finally, Sanford C. Bernstein set a $41.00 price target on eBay and gave the company a “buy” rating in a report on Wednesday, October 12th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.16.

Shares of eBay (NASDAQ:EBAY) opened at 32.51 on Thursday. The stock has a market capitalization of $35.96 billion, a P/E ratio of 5.12 and a beta of 1.29. eBay has a 12-month low of $21.52 and a 12-month high of $33.19. The stock has a 50 day moving average price of $30.18 and a 200 day moving average price of $30.20.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 25th. The e-commerce company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business earned $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. eBay had a return on equity of 27.83% and a net margin of 80.92%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. On average, equities analysts anticipate that eBay will post $2.03 earnings per share for the current fiscal year.

In other news, CAO Brian J. Doerger sold 18,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $28.93, for a total transaction of $520,740.00. Following the transaction, the chief accounting officer now owns 39,947 shares in the company, valued at approximately $1,155,666.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Logan Green bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average cost of $28.32 per share, for a total transaction of $28,320.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $28,320. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of EBAY. Mycio Wealth Partners LLC boosted its stake in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares during the last quarter. Physicians Financial Services Inc. boosted its stake in eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock worth $108,000 after buying an additional 300 shares during the last quarter. NEXT Financial Group Inc boosted its stake in eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock worth $112,000 after buying an additional 960 shares during the last quarter. Advisory Services Network LLC boosted its stake in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Finally, Hartford Financial Management Inc. boosted its stake in eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock worth $117,000 after buying an additional 100 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

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