eBay (NASDAQ:EBAY) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

eBay (NASDAQ:EBAY - Get Free Report) had its target price boosted by equities researchers at Wells Fargo & Company from $63.00 to $66.00 in a report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the e-commerce company's stock. Wells Fargo & Company's price target would suggest a potential downside of 13.54% from the stock's previous close.

EBAY has been the topic of a number of other reports. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Susquehanna increased their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Truist Financial lifted their target price on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.85.

eBay Stock Performance

Shares of EBAY traded up $0.56 on Monday, reaching $76.34. The company's stock had a trading volume of 2,162,941 shares, compared to its average volume of 5,038,193. The stock's 50 day simple moving average is $73.18 and its two-hundred day simple moving average is $68.36. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $35.19 billion, a P/E ratio of 18.18, a PEG ratio of 2.12 and a beta of 1.26. eBay has a 12-month low of $52.14 and a 12-month high of $79.84.

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 for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm earned $1.25 earnings per share. The company's quarterly revenue was up 1.1% on a year-over-year basis. Research analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president owned 123,282 shares in the company, valued at $8,559,469.26. The trade was a 50.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president directly owned 92,053 shares of the company's stock, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,183 shares of company stock valued at $23,490,942 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of eBay

Large investors have recently made changes to their positions in the stock. Wealth Preservation Advisors LLC purchased a new stake in eBay in the 1st quarter valued at about $26,000. Abound Financial LLC bought a new position in eBay in the first quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter worth $31,000. Finally, Itau Unibanco Holding S.A. bought a new stake in eBay during the 4th quarter valued at $33,000. 87.48% of the stock is owned by hedge funds and other 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.