Deutsche Bank Aktiengesellschaft Cuts eBay (NASDAQ:EBAY) Price Target to $63.00

eBay (NASDAQ:EBAY) had its target price reduced by Deutsche Bank Aktiengesellschaft from $70.00 to $63.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 8.42% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley upped their target price on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Truist Financial raised their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Benchmark reissued a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Stifel Nicolaus raised their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.86.

eBay Stock Up 1.0 %

Shares of eBay stock opened at $58.11 on Friday. The business has a fifty day simple moving average of $62.99 and a 200 day simple moving average of $56.77. The stock has a market cap of $28.42 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.32. The company has a quick ratio of 1.25, a current 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.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 30.15% and a net margin of 19.68%. Research analysts predict that eBay will post 3.86 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred 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 owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake 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 worth $28,000 after buying an additional 465 shares during the last quarter. LRI Investments LLC bought a new stake in shares of eBay during the 1st quarter worth about $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in eBay in the 1st quarter valued at about $30,000. 87.48% of the stock is currently owned by institutional investors.

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.