eBay (NASDAQ:EBAY) Price Target Raised to $64.00

eBay (NASDAQ:EBAY - Get Free Report) had its target price boosted by investment analysts at TD Securities from $62.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "hold" rating on the e-commerce company's stock. TD Securities' price target points to a potential downside of 8.97% from the stock's current price.

Several other equities analysts have also recently issued reports on EBAY. Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Piper Sandler boosted their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of eBay from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Evercore ISI raised their price target on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $67.32.

eBay Trading Up 2.5 %

Shares of NASDAQ EBAY traded up $1.71 during midday trading on Thursday, reaching $70.31. 5,163,928 shares of the stock were exchanged, compared to its average volume of 4,968,716. The stock has a market capitalization of $32.76 billion, a P/E ratio of 17.67, a PEG 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. eBay has a twelve month low of $49.25 and a twelve month high of $71.61. The company has a 50 day simple moving average of $65.83 and a 200 day simple moving average of $65.00.

eBay (NASDAQ:EBAY - Get Free Report) last announced its 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 analysts' expectations of $2.55 billion. During the same period last year, the business posted $1.25 EPS. eBay's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts expect that eBay will post 3.86 earnings per share for the current year.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were 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 owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,685 shares of company stock valued at $2,743,345 in the last three months. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in eBay in the fourth quarter valued at approximately $27,000. Abound Financial LLC purchased a new position in shares of eBay in the 1st quarter valued at $29,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay during the fourth quarter worth about $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter valued at approximately $33,000. 87.48% of the stock is currently 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.