eBay (NASDAQ:EBAY - Get Free Report)'s stock had its "neutral" rating restated by stock analysts at Wedbush in a research note issued on Wednesday,Benzinga reports. They presently have a $72.00 price objective on the e-commerce company's stock. Wedbush's price objective would indicate a potential downside of 6.93% from the company's previous close.
A number of other research firms have also weighed in on EBAY. Bank of America dropped their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald upped their price target on shares of eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Truist Financial upped their price target on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Morgan Stanley boosted their target price on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.73.
Read Our Latest Stock Analysis on eBay
eBay Stock Performance
NASDAQ EBAY traded down $0.08 during trading hours on Wednesday, hitting $77.36. 3,415,910 shares of the company's stock traded hands, compared to its average volume of 4,987,249. The business's fifty day moving average price is $70.22 and its two-hundred day moving average price is $67.28. 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 firm has a market capitalization of $35.66 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.22 and a beta of 1.27. eBay has a 52 week low of $51.72 and a 52 week high of $79.84.
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, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during 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%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 earnings per share. Equities research analysts predict that eBay will post 3.86 EPS for the current year.
Insider Buying and Selling at eBay
In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 296,279 shares of company stock valued at $20,872,193. 0.64% of the stock is currently owned by insiders.
Hedge Funds Weigh In On eBay
Several hedge funds and other institutional investors have recently modified their holdings of EBAY. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new position in eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new position in eBay during the 4th quarter worth approximately $27,000. Abound Financial LLC purchased a new position in eBay during the 1st quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter worth approximately $31,000. 87.48% of the stock is owned by hedge funds and other institutional investors.
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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