UBS Group Boosts eBay (EBAY) Price Target to $42.00

eBay (NASDAQ:EBAY) had its price target upped by equities researchers at UBS Group from $40.00 to $42.00 in a report released on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the e-commerce company’s stock. UBS Group’s target price would indicate a potential upside of 8.72% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Goldman Sachs Group cut eBay from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $34.00 to $32.00 in a report on Friday, January 4th. DA Davidson increased their price objective on eBay to $44.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. TheStreet upgraded eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Aegis reaffirmed a “buy” rating and set a $40.00 price target (down from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.32.

Shares of NASDAQ:EBAY traded up $1.96 during midday trading on Wednesday, reaching $38.63. 14,627,299 shares of the company traded hands, compared to its average volume of 12,502,394. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60. eBay has a 12 month low of $26.01 and a 12 month high of $42.18. The firm has a market cap of $31.37 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.76 and a beta of 1.35.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. eBay had a return on equity of 27.40% and a net margin of 23.54%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts predict that eBay will post 2.15 EPS for the current fiscal year.

In other eBay news, VP Brian J. Doerger sold 10,185 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the sale, the vice president now directly owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.22% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of EBAY. Riverview Trust Co acquired a new position in shares of eBay during the 1st quarter worth about $25,000. Paragon Capital Management LLC acquired a new position in shares of eBay in the first quarter worth about $28,000. Clean Yield Group acquired a new position in shares of eBay in the fourth quarter worth about $28,000. American Research & Management Co. boosted its holdings in shares of eBay by 1,000.0% in the first quarter. American Research & Management Co. now owns 1,100 shares of the e-commerce company’s stock worth $41,000 after buying an additional 1,000 shares during the period. Finally, Massey Quick Simon & CO. LLC acquired a new position in shares of eBay in the first quarter worth about $41,000. 86.40% of the stock is currently owned by institutional investors and hedge funds.

eBay Company Profile

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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