Cantor Fitzgerald Reiterates "$85.00" Price Target for eBay (NASDAQ:EBAY)

Key Points

• Cantor Fitzgerald has raised its price target for eBay's stock from $69.00 to $85.00, maintaining a "neutral" rating, which implies a potential downside of 4.20% from the current price.
• eBay's stock increased 14.4% during mid-day trading, reaching $88.73, with a market capitalization of approximately $40.90 billion.
• In the past 90 days, insiders sold a total of 347,222 shares of eBay stock, valued at over $25 million, indicating significant insider trading activity.

eBay (NASDAQ:EBAY - Get Free Report) has been assigned a $85.00 price target by investment analysts at Cantor Fitzgerald in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a "neutral" rating on the e-commerce company's stock. Cantor Fitzgerald's price target indicates a potential downside of 7.35% from the company's current price.

Several other research analysts have also issued reports on the stock. Evercore ISI upped their target price on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Truist Financial lifted their price objective on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Morgan Stanley increased their target price on eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler raised their target price on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Citizens Jmp raised shares of eBay to a "hold" rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and an average target price of $77.69.

eBay Stock Performance

Shares of eBay stock traded down $0.01 during trading hours on Thursday, hitting $91.74. 11,877,999 shares of the company's stock traded hands, compared to its average volume of 5,436,764. eBay has a 12-month low of $54.55 and a 12-month high of $92.79. The stock has a market capitalization of $42.29 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.43 and a beta of 1.27. The company has a fifty day simple moving average of $77.42 and a 200-day simple moving average of $70.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. Equities research analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total transaction of $1,729,847.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 10,974 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total value of $831,280.50. Following the sale, the chief executive officer owned 306,651 shares in the company, valued at $23,228,813.25. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 337,222 shares of company stock valued at $24,463,922 over the last quarter. Insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently modified their holdings of the business. Motley Fool Asset Management LLC lifted its stake in shares of eBay by 6.1% in the 2nd quarter. Motley Fool Asset Management LLC now owns 29,155 shares of the e-commerce company's stock valued at $2,171,000 after purchasing an additional 1,687 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of eBay in the 2nd quarter valued at $257,000. Teacher Retirement System of Texas raised its holdings in eBay by 2.0% during the second quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company's stock worth $12,736,000 after purchasing an additional 3,374 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in eBay in the second quarter valued at approximately $9,663,000. Finally, Convergence Investment Partners LLC lifted its stake in eBay by 174.2% in the second quarter. Convergence Investment Partners LLC now owns 25,874 shares of the e-commerce company's stock valued at $1,927,000 after buying an additional 16,438 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.