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

eBay (NASDAQ:EBAY - Get Free Report) had its price objective boosted by TD Securities from $62.00 to $64.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the e-commerce company's stock. TD Securities' price target would indicate a potential downside of 6.71% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. UBS Group boosted their target price on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday. Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Piper Sandler lifted their price target on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Susquehanna increased their price objective on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, eBay currently has a consensus rating of "Hold" and an average target price of $67.12.

eBay Price Performance

Shares of eBay stock traded up $0.93 during trading on Thursday, reaching $68.60. The company's stock had a trading volume of 5,892,928 shares, compared to its average volume of 4,975,647. eBay has a one year low of $49.25 and a one year high of $71.61. The stock has a 50-day moving average price of $65.83 and a two-hundred day moving average price of $65.02. 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 stock has a market capitalization of $31.97 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion for 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 quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 earnings per share. As a group, sell-side analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the company'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 transaction of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of eBay

Large investors have recently added to or reduced their stakes in the company. Impax Asset Management Group plc raised its holdings in shares of eBay by 2,536.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after purchasing an additional 3,401,198 shares during the period. Ameriprise Financial Inc. increased its position in eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP raised its stake in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after buying an additional 2,277,839 shares during the period. Marshall Wace LLP lifted its position in shares of eBay by 304.2% in the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after buying an additional 1,584,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of eBay during the 4th quarter worth approximately $96,214,000. Institutional investors and hedge funds own 87.48% of the company's stock.

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.