eBay (NASDAQ:EBAY) Rating Increased to Moderate Buy at Cfra Research

eBay (NASDAQ:EBAY - Get Free Report) was upgraded by investment analysts at Cfra Research to a "moderate buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on EBAY. Piper Sandler increased their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Stifel Nicolaus raised their target price on eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, eBay has an average rating of "Hold" and an average price target of $67.65.

eBay Trading Up 1.1%

Shares of NASDAQ EBAY traded up $0.87 during midday trading on Thursday, hitting $78.61. The stock had a trading volume of 4,755,818 shares, compared to its average volume of 4,976,969. The company has a market capitalization of $36.24 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.22 and a beta of 1.27. eBay has a 1-year low of $51.72 and a 1-year high of $79.50. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average price of $68.74 and a 200 day moving average price of $66.78.

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

Insider Activity

In related news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 280,650 shares of company stock valued at $19,637,729 in the last ninety days. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On eBay

Several large investors have recently added to or reduced their stakes in the company. Fruth Investment Management purchased a new stake in eBay in the 1st quarter worth about $208,000. First Hawaiian Bank increased its holdings in eBay by 132.7% in the 1st quarter. First Hawaiian Bank now owns 21,579 shares of the e-commerce company's stock worth $1,462,000 after acquiring an additional 12,306 shares during the last quarter. Invst LLC purchased a new stake in eBay in the 1st quarter worth about $685,000. Hodges Capital Management Inc. purchased a new stake in eBay in the 1st quarter worth about $2,821,000. Finally, Modern Wealth Management LLC purchased a new stake in eBay in the 1st quarter worth about $209,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

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.