eBay (NASDAQ:EBAY) Rating Increased to Strong-Buy at Daiwa America

eBay (NASDAQ:EBAY - Get Free Report) was upgraded by investment analysts at Daiwa America from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently issued reports on EBAY. Truist Financial raised their price target on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Citigroup dropped their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. BMO Capital Markets raised their price objective on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Finally, Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $67.42.

eBay Stock Performance

Shares of eBay stock opened at $69.16 on Monday. The company has a 50 day moving average of $66.31 and a 200-day moving average of $65.26. eBay has a 1-year low of $51.02 and a 1-year high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $31.88 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

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 for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 10,000 shares of eBay stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $69.83, for a total value of $698,300.00. Following the sale, the chief executive officer now directly owns 570,754 shares in the company, valued at approximately $39,855,751.82. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,685 shares of company stock valued at $4,121,245 over the last ninety days. 0.38% of the stock is owned by insiders.

Institutional Trading of eBay

Several large investors have recently bought and sold shares of the company. Abound Financial LLC purchased a new position in shares of eBay during the first quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new stake in eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter valued at $27,000. Pinney & Scofield Inc. bought a new position in eBay in the 4th quarter worth $31,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in eBay in the 4th quarter worth $33,000. 87.48% of the stock is owned by 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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