Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY - Get Free Report) had its price objective raised by investment analysts at Deutsche Bank Aktiengesellschaft from $75.00 to $90.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the e-commerce company's stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 10.52% from the company's previous close.

A number of other research firms have also recently issued reports on EBAY. Citigroup decreased their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a report on Friday, April 25th. Susquehanna increased their target price on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. UBS Group increased their target price on shares of eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Robert W. Baird increased their target price on shares of eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein cut shares of eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $69.42.

eBay Stock Down 1.2%

Shares of NASDAQ EBAY traded down $1.02 during mid-day trading on Wednesday, reaching $81.43. The company had a trading volume of 6,918,770 shares, compared to its average volume of 4,203,957. eBay has a twelve month low of $53.64 and a twelve month high of $83.53. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $37.54 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26. The stock's 50 day moving average is $76.26 and its 200-day moving average is $70.10.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. eBay's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. As a group, equities analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Transactions at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president directly owned 123,282 shares in the company, valued at $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $79.06, for a total transaction of $999,634.64. Following the sale, the chief executive officer owned 325,053 shares in the company, valued at approximately $25,698,690.18. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,222 shares of company stock valued at $25,143,522 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of eBay during the first quarter worth $26,000. GFG Capital LLC acquired a new stake in eBay in the 2nd quarter valued at $28,000. Abound Financial LLC acquired a new stake in eBay in the 1st quarter valued at $29,000. Orion Capital Management LLC acquired a new stake in eBay in the 4th quarter valued at $27,000. Finally, Pinney & Scofield Inc. acquired a new stake in eBay in the 4th quarter valued at $31,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.