eBay (NASDAQ:EBAY) Given “Buy” Rating at Benchmark

eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a research note issued on Tuesday, Benzinga reports. They currently have a $65.00 target price on the e-commerce company’s stock. Benchmark’s price objective points to a potential upside of 3.78% from the stock’s current price.

EBAY has been the topic of a number of other research reports. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Piper Sandler reissued an “overweight” rating and issued a $64.00 target price (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Citigroup boosted their target price on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley increased their price target on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group lifted their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.23.

eBay Stock Down 0.2 %

Shares of EBAY opened at $62.63 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay has a 12 month low of $37.17 and a 12 month high of $67.80. The firm’s 50 day moving average is $63.03 and its 200-day moving average is $56.67. The stock has a market capitalization of $31.44 billion, a PE ratio of 12.48, a P/E/G ratio of 2.45 and a beta of 1.32.

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

Insider Buying and Selling at eBay

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

Institutional Trading of eBay

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norden Group LLC acquired a new position in shares of eBay during the first quarter valued at about $318,000. First Trust Direct Indexing L.P. lifted its position in eBay by 12.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 14,668 shares of the e-commerce company’s stock valued at $774,000 after acquiring an additional 1,606 shares in the last quarter. Tempus Wealth Planning LLC boosted its stake in eBay by 3.1% during the 1st quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after purchasing an additional 254 shares during the last quarter. New Century Financial Group LLC bought a new stake in eBay during the 1st quarter worth approximately $210,000. Finally, Mezzasalma Advisors LLC bought a new stake in eBay during the 1st quarter worth approximately $264,000. Institutional investors own 87.48% of the company’s stock.

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.