eBay (NASDAQ:EBAY) Stock Price Expected to Rise, UBS Group Analyst Says

eBay (NASDAQ:EBAY - Get Free Report) had its target price raised by analysts at UBS Group from $72.00 to $73.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the e-commerce company's stock. UBS Group's target price suggests a potential upside of 7.88% from the stock's current price.

EBAY has been the topic of several other reports. Susquehanna raised their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Citigroup lowered their target price on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Finally, Wells Fargo & Company lowered their target price on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $67.12.

eBay Stock Down 0.7 %

Shares of NASDAQ EBAY traded down $0.49 on Tuesday, hitting $67.67. The company had a trading volume of 9,924,163 shares, compared to its average volume of 4,995,385. eBay has a 12-month low of $48.52 and a 12-month high of $71.61. The business has a 50 day moving average of $65.92 and a two-hundred day moving average of $65.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $31.53 billion, a P/E ratio of 17.00, a PEG ratio of 2.22 and a beta of 1.43.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data 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. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. eBay's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 28,060 shares of the company's 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 sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 over the last 90 days. Corporate insiders own 0.38% of the company's stock.

Institutional Trading of eBay

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock worth $3,489,000 after purchasing an additional 1,063 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after purchasing an additional 7,074 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after purchasing an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock worth $503,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $8,644,000. 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.