Stifel Nicolaus Raises eBay (NASDAQ:EBAY) Price Target to $64.00

eBay (NASDAQ:EBAY) had its price target raised by research analysts at Stifel Nicolaus from $56.00 to $64.00 in a report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the e-commerce company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 1.96% from the company’s current price.

A number of other equities research analysts also recently issued reports on EBAY. Wolfe Research began coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Truist Financial lifted their price target on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Bank of America raised their target price on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Wells Fargo & Company lifted their price objective on shares of eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. 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 company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $62.23.

eBay Stock Performance

NASDAQ EBAY opened at $62.77 on Monday. eBay has a twelve month low of $37.17 and a twelve month high of $67.80. The business’s 50-day moving average price is $62.95 and its 200 day moving average price is $56.63. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $31.51 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

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

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock valued at $2,678,424. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay during the second quarter worth $26,000. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of eBay in the 2nd quarter valued at approximately $29,000. Washington Trust Advisors Inc. bought a new position in eBay during the first quarter valued at approximately $30,000. Finally, LRI Investments LLC bought a new stake in eBay in the first quarter worth approximately $29,000. Institutional investors and hedge funds 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.