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eBay (NASDAQ:EBAY) Raised to "Outperform" at BMO Capital Markets

eBay logo with Retail/Wholesale background

Key Points

  • eBay's stock rating has been upgraded by BMO Capital Markets from "market perform" to "outperform," with a target price of $102.00, indicating a potential upside of 31.51%.
  • Despite the positive upgrade, eBay's shares decreased by 1.2% recently, and the average rating remains a "hold" with a consensus target price of $71.92.
  • In its latest earnings report, eBay reported EPS of $1.37, surpassing estimates, and achieved a quarterly revenue of $2.73 billion, reflecting a year-over-year increase of 6.1%.
  • MarketBeat previews the top five stocks to own by September 1st.

eBay (NASDAQ:EBAY - Get Free Report) was upgraded by analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a $102.00 price objective on the e-commerce company's stock, up from their prior price objective of $70.00. BMO Capital Markets' price target points to a potential upside of 11.18% from the company's current price.

EBAY has been the topic of a number of other reports. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Citigroup reduced their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group raised their price target on shares of eBay from $73.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Robert W. Baird increased their price objective on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $77.69.

Check Out Our Latest Analysis on eBay

eBay Stock Performance

Shares of eBay stock traded down $0.01 during trading hours on Thursday, reaching $91.74. The company's stock had a trading volume of 11,877,999 shares, compared to its average volume of 5,436,764. The company's 50 day simple moving average is $77.42 and its 200 day simple moving average is $70.68. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.17 and a current ratio of 1.00. eBay has a one year low of $54.55 and a one year high of $92.79. The stock has a market cap of $42.29 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) 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 38.97%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.18 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts expect that eBay will post 3.86 EPS for the current fiscal year.

Insider Activity at eBay

In other news, 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 value of $234,829.95. Following the transaction, the senior vice president owned 92,053 shares of the company's stock, valued at $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president directly owned 44,413 shares in the company, valued at $3,436,677.94. This represents a 34.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 337,222 shares of company stock worth $24,463,922 in the last 90 days. Corporate insiders own 0.64% of the company's stock.

Hedge Funds Weigh In On eBay

Several hedge funds have recently made changes to their positions in EBAY. Princeton Global Asset Management LLC boosted its holdings in shares of eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company's stock worth $25,000 after buying an additional 269 shares during the period. Wealth Preservation Advisors LLC acquired a new position in shares of eBay in the first quarter worth about $26,000. Orion Capital Management LLC acquired a new position in shares of eBay in the fourth quarter worth about $27,000. GFG Capital LLC acquired a new position in shares of eBay in the second quarter worth about $28,000. Finally, Abound Financial LLC acquired a new position in shares of eBay in the first quarter worth about $29,000. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Company Profile

(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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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