Morgan Stanley Boosts eBay (NASDAQ:EBAY) Price Target to $71.00

eBay (NASDAQ:EBAY) had its price objective hoisted by Morgan Stanley from $65.00 to $71.00 in a research note released on Friday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the e-commerce company’s stock.

Several other equities analysts also recently weighed in on the company. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. Jefferies Financial Group raised their price target on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Citigroup raised their price target on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America raised their price target on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.14.

eBay Stock Down 0.8 %

EBAY opened at $63.10 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $62.71 and a 200-day simple moving average of $56.44. The stock has a market capitalization of $30.86 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.45 and a beta of 1.32. eBay has a 12 month low of $37.17 and a 12 month high of $67.80.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. On average, equities 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 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by insiders.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after buying an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the period. Mirova US LLC boosted its position in shares of eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. boosted its position in shares of eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after buying an additional 530,941 shares during the period. 87.48% of the stock is owned by institutional investors.

About eBay

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.