eBay (NASDAQ:EBAY) Stock Price Expected to Rise, Susquehanna Analyst Says

Key Points

• Susquehanna analysts have increased eBay's stock price target from $70.00 to $95.00, indicating a potential 5.99% upside from its previous close.
• eBay reported $1.37 earnings per share for the last quarter, surpassing expectations of $1.30 and achieving a 6.1% revenue increase year-over-year.
• Insider selling activities have been notable, with insiders selling a total of 337,222 shares worth approximately $24.5 million in the last three months.

eBay (NASDAQ:EBAY - Get Free Report) had its price objective boosted by research analysts at Susquehanna from $70.00 to $95.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the e-commerce company's stock. Susquehanna's target price would indicate a potential upside of 5.99% from the stock's previous close.

EBAY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Piper Sandler increased their target price on shares of eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday. UBS Group set a $87.00 target price on shares of eBay in a report on Thursday. Cantor Fitzgerald set a $85.00 target price on shares of eBay and gave the company a "neutral" rating in a report on Thursday. Finally, Bank of America increased their target price on shares of eBay from $71.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $77.69.

eBay Trading Down 2.3%

NASDAQ EBAY opened at $89.63 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm's fifty day moving average price is $77.03 and its 200 day moving average price is $70.49. The company has a market capitalization of $41.32 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. eBay has a 12 month low of $54.55 and a 12 month high of $92.79.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.17%. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the prior year, the business earned $1.18 EPS. eBay's quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the transaction, the senior vice president directly owned 44,413 shares of the company's stock, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president directly owned 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 337,222 shares of company stock valued at $24,463,922. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Marvin & Palmer Associates Inc. acquired a new position in shares of eBay during the first quarter worth $2,958,000. Norges Bank acquired a new position in shares of eBay during the fourth quarter worth $40,805,000. Assenagon Asset Management S.A. lifted its position in shares of eBay by 0.5% during the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after purchasing an additional 246 shares in the last quarter. Portolan Capital Management LLC lifted its position in shares of eBay by 210.2% during the fourth quarter. Portolan Capital Management LLC now owns 238,132 shares of the e-commerce company's stock worth $14,752,000 after purchasing an additional 161,372 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of eBay by 59.6% during the first quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after purchasing an additional 1,440 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

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.

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