eBay (NASDAQ:EBAY) Price Target Raised to $70.00

eBay (NASDAQ:EBAY - Get Free Report) had its price target raised by Susquehanna from $65.00 to $70.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the e-commerce company's stock. Susquehanna's target price would suggest a potential upside of 0.70% from the stock's previous close.

Other research analysts also recently issued research reports about the company. UBS Group increased their target price on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Bank of America dropped their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus upped their target price on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald upped their price objective on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $67.32.

eBay Stock Performance

Shares of eBay stock traded down $1.05 during trading on Monday, hitting $69.51. 3,476,333 shares of the company's stock traded hands, compared to its average volume of 4,964,283. eBay has a 1 year low of $50.43 and a 1 year high of $71.61. The business has a 50-day simple moving average of $66.25 and a 200-day simple moving average of $65.19. The stock has a market capitalization of $32.04 billion, a P/E ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that eBay will post 3.86 EPS for the current year.

Insider Activity at eBay

In related 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 value 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 approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 10,000 shares of eBay stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $69.83, for a total value of $698,300.00. Following the completion of the transaction, the chief executive officer now owns 570,754 shares of the company's stock, valued at approximately $39,855,751.82. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,685 shares of company stock valued at $4,121,245 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in shares of eBay in the fourth quarter valued at $27,000. Orion Capital Management LLC bought a new stake in eBay in the fourth quarter worth about $27,000. Abound Financial LLC purchased a new position in shares of eBay during the first quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new position in shares of eBay during the fourth quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter worth approximately $33,000. 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.