eBay (NASDAQ:EBAY) Given a $95.00 Price Target at Needham & Company LLC

Key Points

• Needham & Company LLC has raised eBay's price target from $78.00 to $95.00, indicating a potential upside of 22.49% from its current stock price.
• eBay reported $1.37 earnings per share for the last quarter, surpassing analysts' expectations of $1.30, with revenue also beating forecasts at $2.73 billion.
• Institutional investors currently own 87.48% of eBay's stock, with significant recent activity including Norges Bank acquiring a new stake worth approximately $40.8 million.

eBay (NASDAQ:EBAY - Get Free Report) has been given a $95.00 price target by analysts at Needham & Company LLC in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the e-commerce company's stock. Needham & Company LLC's target price suggests a potential upside of 3.55% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. Barclays upped their price target on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Sanford C. Bernstein cut shares of eBay from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Robert W. Baird upped their price target on shares of eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Evercore ISI upped their price objective on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $77.69.

eBay Stock Down 0.0%

NASDAQ:EBAY traded down $0.01 during trading hours on Thursday, reaching $91.74. The company's stock had a trading volume of 11,877,999 shares, compared to its average volume of 5,436,764. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27. eBay has a one year low of $54.55 and a one year high of $92.79. The business's 50-day moving average is $77.42 and its 200-day moving average is $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 released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that eBay will post 3.86 EPS for the current year.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the transaction, the senior vice president directly owned 123,282 shares in the company, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 337,222 shares of company stock worth $24,463,922. Corporate insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EBAY. Impax Asset Management Group plc lifted its holdings in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after buying an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares during the last quarter. Nuveen LLC acquired a new stake in eBay in the first quarter worth $202,346,000. Independent Franchise Partners LLP raised its holdings in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after purchasing an additional 2,154,735 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

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.