eBay Inc (NASDAQ:EBAY) has earned a “BBB+” credit rating from Morningstar. The research firm’s “BBB+” rating suggests that the company is a moderate default risk. They also gave their stock a three star rating.

eBay (NASDAQ:EBAY) opened at 26.65 on Wednesday. eBay has a 12 month low of $22.11 and a 12 month high of $29.83. The stock has a market cap of $32.00 billion and a PE ratio of 14.49. The stock’s 50 day moving average price is $27.03 and its 200-day moving average price is $27.18.

In other news, Director Paul S. Pressler bought 5,140 shares of the stock in a transaction dated Monday, November 30th. The stock was bought at an average price of $29.12 per share, for a total transaction of $149,676.80. Following the purchase, the director now directly owns 5,140 shares in the company, valued at approximately $149,676.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jae Hyun Lee sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $29.25, for a total value of $585,000.00. Following the completion of the transaction, the senior vice president now owns 88,534 shares of the company’s stock, valued at approximately $2,589,619.50. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently bought and sold shares of the company. Gerstein Fisher raised its position in eBay by 51.0% in the third quarter. Gerstein Fisher now owns 9,849 shares of the e-commerce company’s stock worth $241,000 after buying an additional 3,328 shares during the period. ING Groep raised its position in eBay by 65.0% in the third quarter. ING Groep now owns 20,813 shares of the e-commerce company’s stock worth $508,000 after buying an additional 8,199 shares during the period. Jennison Associates bought a new position in eBay during the third quarter worth $3,053,000. Finally, KBC Group raised its position in eBay by 1.7% in the third quarter. KBC Group now owns 590,831 shares of the e-commerce company’s stock worth $14,440,000 after buying an additional 10,072 shares during the period.

Other research analysts have also recently issued research reports about the company. Susquehanna restated a “buy” rating on shares of eBay in a research report on Saturday, January 16th. Zacks Investment Research upgraded eBay from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, January 13th. Cowen and Company restated a “market perform” rating and issued a $27.00 price target on shares of eBay in a research report on Thursday, November 19th. Vetr upgraded eBay from a “buy” rating to a “strong-buy” rating and set a $32.50 price target on the stock in a research report on Tuesday, December 8th. Finally, Citigroup Inc. raised their price target on eBay to $34.00 in a research report on Friday, November 13th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.99.

eBay Inc.(NASDAQ:EBAY) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs), to develop software and solutions for commerce. The Company enables commerce through two segments: Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts and its other online platforms, such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business.

12 Month Chart for NASDAQ:EBAY

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