eBay (NASDAQ:EBAY) PT Raised to $71.00

eBay (NASDAQ:EBAY) had its target price hoisted by Morgan Stanley from $65.00 to $71.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the e-commerce company’s stock.

Several other equities analysts also recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a report on Wednesday, October 23rd. UBS Group boosted their price target on shares of eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Bank of America upped their price objective on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Robert W. Baird upped their price objective on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $62.23.

eBay Stock Performance

eBay stock opened at $62.99 on Friday. eBay has a 12 month low of $37.17 and a 12 month high of $67.80. The company has a market cap of $31.62 billion, a PE ratio of 12.55, a P/E/G ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average price of $62.84 and a two-hundred day moving average price of $56.55.

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

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, 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 hyperlink. In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,391 shares of company stock worth $2,678,424. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently bought and sold shares of EBAY. Park Avenue Securities LLC grew its stake in eBay by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock valued at $557,000 after acquiring an additional 623 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of eBay in the 1st quarter valued at approximately $1,006,000. Kathmere Capital Management LLC bought a new stake in shares of eBay in the 1st quarter valued at approximately $436,000. Founders Financial Securities LLC bought a new stake in shares of eBay in the 1st quarter valued at approximately $311,000. Finally, Optas LLC grew its stake in shares of eBay by 1.9% in the 1st quarter. Optas LLC now owns 33,758 shares of the e-commerce company’s stock valued at $1,782,000 after buying an additional 621 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Company Profile

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.