eBay (NASDAQ:EBAY) Given New $66.00 Price Target at JPMorgan Chase & Co.

eBay (NASDAQ:EBAY - Get Free Report) had its price target lifted by JPMorgan Chase & Co. from $60.00 to $66.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the e-commerce company's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 16.04% from the stock's previous close.

Several other brokerages have also commented on EBAY. Susquehanna increased their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Citigroup lowered their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Piper Sandler upped their target price on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Truist Financial lifted their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.65.

eBay Stock Up 1.1%

EBAY traded up $0.87 on Wednesday, hitting $78.61. The company had a trading volume of 4,755,818 shares, compared to its average volume of 4,976,969. The stock has a market capitalization of $36.24 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average price of $68.74 and a 200-day moving average price of $66.74. eBay has a 12-month low of $51.72 and a 12-month high of $79.50.

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

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. The trade was a 30.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president now owns 123,282 shares in the company, 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 280,650 shares of company stock worth $19,637,729 over the last ninety days. Corporate insiders own 0.64% of the company's stock.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DAVENPORT & Co LLC increased its holdings in eBay by 28.2% in the 4th quarter. DAVENPORT & Co LLC now owns 5,709 shares of the e-commerce company's stock valued at $354,000 after purchasing an additional 1,257 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of eBay by 5.2% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,768 shares of the e-commerce company's stock worth $295,000 after buying an additional 236 shares during the period. Columbus Macro LLC boosted its position in shares of eBay by 55.8% during the fourth quarter. Columbus Macro LLC now owns 4,809 shares of the e-commerce company's stock worth $298,000 after buying an additional 1,723 shares during the period. E. Ohman J or Asset Management AB grew its stake in shares of eBay by 6.1% in the fourth quarter. E. Ohman J or Asset Management AB now owns 23,140 shares of the e-commerce company's stock valued at $1,434,000 after buying an additional 1,340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of eBay by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,358 shares of the e-commerce company's stock valued at $5,827,000 after buying an additional 19,372 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

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.