eBay (NASDAQ:EBAY) PT Raised to $50.00

eBay (NASDAQ:EBAY - Get Free Report) had its price objective raised by equities researchers at Truist Financial from $48.00 to $50.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "hold" rating on the e-commerce company's stock. Truist Financial's price objective would indicate a potential upside of 1.26% from the company's current price.

EBAY has been the topic of several other reports. Mizuho raised their price objective on shares of eBay from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday. BMO Capital Markets upped their price objective on eBay from $49.00 to $53.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 28th. Piper Sandler lifted their target price on eBay from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. The Goldman Sachs Group started coverage on eBay in a research note on Wednesday, January 10th. They issued a "sell" rating and a $38.00 price target for the company. Finally, UBS Group lifted their price objective on shares of eBay from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.45.

eBay Stock Down 0.5 %

EBAY stock traded down $0.27 during midday trading on Monday, hitting $49.38. The company's stock had a trading volume of 5,810,049 shares, compared to its average volume of 6,442,833. The company has a market cap of $24.99 billion, a PE ratio of 9.84, a P/E/G ratio of 1.93 and a beta of 1.31. The firm's 50-day moving average is $50.92 and its 200-day moving average is $44.92. eBay has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The company's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that eBay will post 3.75 earnings per share for the current fiscal year.

eBay announced that its board has authorized a share buyback program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the sale, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EBAY. LSV Asset Management grew its stake in eBay by 1.5% in the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company's stock worth $289,681,000 after acquiring an additional 83,493 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in eBay by 24.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,398 shares of the e-commerce company's stock worth $1,129,000 after purchasing an additional 4,208 shares during the period. Empirical Finance LLC raised its position in eBay by 4.1% during the 1st quarter. Empirical Finance LLC now owns 16,453 shares of the e-commerce company's stock valued at $868,000 after purchasing an additional 655 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in shares of eBay in the 1st quarter worth $338,000. Finally, Geneos Wealth Management Inc. grew its position in shares of eBay by 28.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,244 shares of the e-commerce company's stock worth $277,000 after buying an additional 1,160 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

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.