Barclays Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY - Get Free Report) had its price target boosted by investment analysts at Barclays from $72.00 to $77.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the e-commerce company's stock. Barclays's price objective suggests a potential upside of 14.31% from the company's current price.

EBAY has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler boosted their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday. Wells Fargo & Company dropped their price objective on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Needham & Company LLC increased their price objective on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday. Finally, TD Securities lifted their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $67.00.

eBay Price Performance

EBAY stock traded down $0.80 on Thursday, reaching $67.36. The company had a trading volume of 4,655,675 shares, compared to its average volume of 4,988,678. The company has a market cap of $31.39 billion, a P/E ratio of 16.92, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 1 year low of $48.52 and a 1 year high of $71.61. The company's fifty day moving average is $65.92 and its 200 day moving average is $65.00.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts forecast that eBay will post 3.86 earnings per share for the current year.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 in the last ninety days. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Kathmere Capital Management LLC boosted its holdings in eBay by 3.4% in the 1st quarter. Kathmere Capital Management LLC now owns 14,728 shares of the e-commerce company's stock worth $998,000 after acquiring an additional 478 shares during the period. Ballentine Partners LLC increased its position in eBay by 20.7% in the first quarter. Ballentine Partners LLC now owns 14,246 shares of the e-commerce company's stock worth $965,000 after buying an additional 2,440 shares during the period. MJP Associates Inc. ADV increased its holdings in shares of eBay by 16.7% during the first quarter. MJP Associates Inc. ADV now owns 10,890 shares of the e-commerce company's stock valued at $738,000 after purchasing an additional 1,555 shares during the period. Cerity Partners LLC increased its holdings in shares of eBay by 23.3% during the first quarter. Cerity Partners LLC now owns 108,387 shares of the e-commerce company's stock valued at $7,341,000 after purchasing an additional 20,497 shares during the period. Finally, Allworth Financial LP boosted its stake in eBay by 2.2% during the first quarter. Allworth Financial LP now owns 8,402 shares of the e-commerce company's stock valued at $565,000 after buying an additional 177 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.

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