eBay (NASDAQ:EBAY) Price Target Raised to $65.00 at Jefferies Financial Group

eBay (NASDAQ:EBAY) had its target price hoisted by investment analysts at Jefferies Financial Group from $58.00 to $65.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the e-commerce company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 2.09% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Wolfe Research started coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Truist Financial lifted their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird lifted their target price on eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lifted their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $60.19.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $63.67 on Tuesday. The company has a market cap of $31.96 billion, a P/E ratio of 12.68, a PEG ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a one year low of $37.17 and a one year high of $67.80. The business’s 50-day simple moving average is $62.40 and its 200 day simple moving average is $56.28.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. On average, sell-side analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the period. SteelPeak Wealth LLC raised its position in eBay by 42.3% during the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after buying an additional 17,140 shares during the period. Cetera Investment Advisers raised its position in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the period. PGGM Investments raised its position in eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC raised its position in eBay by 435.2% during the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

About eBay

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.