Susquehanna Raises eBay (NASDAQ:EBAY) Price Target to $70.00

eBay (NASDAQ:EBAY - Get Free Report) had its price target lifted by equities researchers at Susquehanna from $65.00 to $70.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the e-commerce company's stock. Susquehanna's price objective points to a potential upside of 2.04% from the stock's current price.

Several other research firms have also recently commented on EBAY. Piper Sandler boosted their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday. Stifel Nicolaus raised their target price on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday. Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Finally, Needham & Company LLC lifted their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of "Hold" and an average target price of $67.32.

eBay Stock Up 1.4 %

Shares of NASDAQ EBAY opened at $68.60 on Monday. The business has a 50-day simple moving average of $65.83 and a two-hundred day simple moving average of $65.00. eBay has a 52 week low of $49.25 and a 52 week high of $71.61. The company has a market cap of $31.97 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. eBay's revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The stock was 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 in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,685 shares of company stock worth $2,743,345 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP grew its position in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Nordea Investment Management AB raised its stake in eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after buying an additional 335,035 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares during the last quarter. Finally, Northern Trust Corp increased its position in eBay by 17.8% during the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after acquiring an additional 1,030,292 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

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.

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