eBay (NASDAQ:EBAY) Price Target Raised to $74.00 at Piper Sandler

eBay (NASDAQ:EBAY - Get Free Report) had its price objective raised by research analysts at Piper Sandler from $70.00 to $74.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the e-commerce company's stock. Piper Sandler's price target suggests a potential upside of 7.80% from the company's current price.

EBAY has been the subject of a number of other research reports. Morgan Stanley lowered their target price on eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company reduced their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Cantor Fitzgerald increased their target price on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $66.58.

eBay Price Performance

EBAY stock traded up $0.48 during mid-day trading on Thursday, hitting $68.64. 3,492,968 shares of the stock were exchanged, compared to its average volume of 4,984,195. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $65.92 and a 200 day moving average price of $65.00. eBay has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market capitalization of $31.99 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.22 and a beta of 1.43.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company's revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that eBay will post 3.86 EPS for the current year.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 in the last ninety days. Corporate insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On eBay

Several large investors have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in eBay in the 4th quarter valued at about $27,000. Abound Financial LLC purchased a new stake in eBay in the 1st quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new stake in eBay in the 4th quarter valued at about $31,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in eBay in the 4th quarter valued at about $33,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

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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