Benchmark Increases eBay (NASDAQ:EBAY) Price Target to $100.00

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eBay (NASDAQ:EBAY - Get Free Report) had its target price boosted by investment analysts at Benchmark from $78.00 to $100.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the e-commerce company's stock. Benchmark's price target would indicate a potential upside of 9.00% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC set a $95.00 price target on shares of eBay and gave the stock a "buy" rating in a research report on Thursday. UBS Group set a $87.00 price objective on shares of eBay in a report on Thursday. Robert W. Baird increased their price objective on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Morgan Stanley increased their price objective on shares of eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Stifel Nicolaus increased their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $77.69.

eBay Stock Down 0.0%

NASDAQ EBAY traded down $0.01 during trading hours on Thursday, reaching $91.74. 11,877,999 shares of the company traded hands, compared to its average volume of 5,436,764. The company has a 50 day moving average of $77.42 and a two-hundred day moving average of $70.68. The company has a current ratio of 1.00, a quick ratio of 1.17 and a debt-to-equity ratio of 1.05. 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 PE ratio of 20.21, a PEG ratio of 2.43 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.18 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts expect that eBay will post 3.86 earnings per share for the current year.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 2,985 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the transaction, the senior vice president directly owned 92,053 shares of the company's stock, valued at $7,241,809.51. This trade represents a 3.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently made changes to their positions in the company. Princeton Global Asset Management LLC grew its stake in shares of eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company's stock valued at $25,000 after buying an additional 269 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in eBay in the 1st quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in eBay during the fourth quarter worth approximately $27,000. GFG Capital LLC acquired a new stake in shares of eBay during the 2nd quarter worth $28,000. Finally, Abound Financial LLC bought a new stake in eBay during the first quarter worth about $29,000. 87.48% of the stock is owned by 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.