eBay (NASDAQ:EBAY) Price Target Raised to $68.00 at Truist Financial

eBay (NASDAQ:EBAY - Get Free Report) had its target price lifted by stock analysts at Truist Financial from $62.00 to $68.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the e-commerce company's stock. Truist Financial's price objective indicates a potential upside of 0.95% from the company's previous close.

Several other equities analysts have also issued reports on EBAY. Cantor Fitzgerald boosted their target price on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Wells Fargo & Company cut their price objective on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC lifted their price objective on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on eBay from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday. Finally, UBS Group boosted their target price on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $67.00.

eBay Price Performance

EBAY traded down $0.80 during midday trading on Thursday, reaching $67.36. 4,655,675 shares of the company's stock were exchanged, compared to its average volume of 4,988,678. The firm has a market capitalization of $31.39 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a one year low of $48.52 and a one year high of $71.61. The business has a 50-day simple moving average of $65.92 and a two-hundred day simple moving average of $65.00.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 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 19.68% and a return on equity of 30.97%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. As a group, research analysts predict that eBay will post 3.86 EPS for the current year.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,310 shares of company stock worth $3,121,626. Corporate insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On eBay

Hedge funds have recently added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co bought a new position in shares of eBay during the 3rd quarter valued at about $203,000. World Investment Advisors LLC bought a new position in eBay during the 3rd quarter worth approximately $2,947,000. Wilmington Savings Fund Society FSB bought a new position in eBay during the 3rd quarter worth approximately $241,000. Tidal Investments LLC grew its position in shares of eBay by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after buying an additional 4,677 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of eBay by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 784,378 shares of the e-commerce company's stock worth $52,459,000 after buying an additional 99,561 shares during the last quarter. Institutional investors 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.

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