eBay Inc (NASDAQ:EBAY) had its price target reduced by investment analysts at RBC Capital from $30.00 to $29.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The brokerage presently has a “sector perform” rating on the e-commerce company’s stock. RBC Capital’s target price would indicate a potential upside of 21.14% from the stock’s previous close.

In other eBay news, SVP Jae Hyun Lee sold 20,000 shares of eBay stock in a transaction 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 transaction, the senior vice president now directly owns 88,534 shares in the company, valued at $2,589,619.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul S. Pressler acquired 5,140 shares of the company’s stock in a transaction on Monday, November 30th. The stock was acquired at an average price of $29.12 per share, for a total transaction of $149,676.80. Following the completion of the purchase, the director now owns 5,140 shares of the company’s stock, valued at approximately $149,676.80. The disclosure for this purchase can be found here.

eBay (NASDAQ:EBAY) opened at 23.94 on Tuesday. The company has a 50-day moving average of $26.52 and a 200-day moving average of $27.10. eBay has a 52 week low of $22.40 and a 52 week high of $29.83. The company has a market cap of $28.51 billion and a P/E ratio of 16.88.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 27th. The e-commerce company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business earned $2.30 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that eBay will post $1.88 EPS for the current year.

A number of other analysts also recently commented on EBAY. Robert W. Baird reiterated a “buy” rating on shares of eBay in a report on Thursday, October 8th. Stifel Nicolaus downgraded shares of eBay to a “hold” rating in a report on Wednesday, October 21st. Piper Jaffray reiterated a “hold” rating and issued a $30.00 price objective on shares of eBay in a report on Thursday, October 22nd. Canaccord Genuity increased their price objective on shares of eBay from $27.00 to $28.00 and gave the company a “hold” rating in a report on Friday, October 23rd. Finally, TheStreet downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.98.

A number of hedge funds and institutional investors have bought and sold shares of EBAY. Numeric Investors LLC raised its position in eBay by 139.1% in the fourth quarter. Numeric Investors LLC now owns 4,619,300 shares of the e-commerce company’s stock worth $126,938,000 after buying an additional 2,687,000 shares in the last quarter. Cambiar Investors LLC raised its position in eBay by 198.2% in the fourth quarter. Cambiar Investors LLC now owns 3,977,254 shares of the e-commerce company’s stock worth $109,295,000 after buying an additional 2,643,554 shares in the last quarter. Russell Frank Co raised its position in eBay by 106.3% in the fourth quarter. Russell Frank Co now owns 3,589,184 shares of the e-commerce company’s stock worth $99,615,000 after buying an additional 1,849,213 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in eBay during the fourth quarter worth approximately $28,600,000. Finally, Nordea Investment Management AB raised its position in eBay by 14.9% in the fourth quarter. Nordea Investment Management AB now owns 6,035,444 shares of the e-commerce company’s stock worth $165,854,000 after buying an additional 783,340 shares in the last quarter.

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’s Marketplaces segment includes its ebay.com platform and its localized counterparts, as well as other online platforms, such as its online classifieds sites and StubHub. It offers mobile applications for iPhone, iPad, Android and Windows mobile devices.

12 Month Chart for NASDAQ:EBAY

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