eBay (NASDAQ:EBAY - Get Free Report) had its price target upped by investment analysts at JPMorgan Chase & Co. from $60.00 to $66.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the e-commerce company's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 15.10% from the company's current price.
A number of other equities analysts have also commented on the company. Cantor Fitzgerald increased their price target on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a report on Monday, May 12th. Bank of America reduced their price objective on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, Robert W. Baird lifted their price target on eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.65.
Check Out Our Latest Stock Report on EBAY
eBay Price Performance
eBay stock traded up $0.64 during midday trading on Wednesday, reaching $77.74. 6,642,217 shares of the stock traded hands, compared to its average volume of 4,974,739. The stock's fifty day moving average is $68.32 and its 200-day moving average is $66.51. eBay has a 12 month low of $51.72 and a 12 month high of $78.64. The stock has a market cap of $35.84 billion, a P/E ratio of 19.53, a PEG ratio of 2.22 and a beta of 1.30. 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 (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, 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 during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate 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 business's 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 completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,650 shares of company stock worth $19,637,729 in the last 90 days. Corporate insiders own 0.64% of the company's stock.
Institutional Investors Weigh In On eBay
A number of large investors have recently made changes to their positions in the stock. Fruth Investment Management purchased a new stake in shares of eBay in the first quarter valued at approximately $208,000. First Hawaiian Bank lifted its stake in eBay by 132.7% during the first quarter. First Hawaiian Bank now owns 21,579 shares of the e-commerce company's stock worth $1,462,000 after purchasing an additional 12,306 shares in the last quarter. Invst LLC acquired a new position in eBay during the first quarter worth $685,000. Hodges Capital Management Inc. acquired a new position in eBay during the first quarter worth $2,821,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of eBay in the first quarter valued at $209,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
About eBay
(
Get Free Report)
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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