eBay (NASDAQ:EBAY) Price Target Raised to $80.00

eBay (NASDAQ:EBAY) had its target price upped by Citigroup from $75.00 to $80.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the e-commerce company’s stock.

Several other equities research analysts have also weighed in on EBAY. Benchmark reiterated a “buy” rating and set a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays dropped their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Truist Financial raised their price target on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.13.

eBay Price Performance

EBAY opened at $69.90 on Friday. The firm has a market cap of $33.48 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. eBay has a fifty-two week low of $42.14 and a fifty-two week high of $71.52. The company’s 50-day moving average price is $65.30 and its 200 day moving average price is $62.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,149 shares of company stock worth $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its position in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after buying an additional 21,636 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after buying an additional 1,063 shares in the last quarter. Trustmark National Bank Trust Department purchased a new stake in eBay in the 3rd quarter worth approximately $1,307,000. Prospera Financial Services Inc lifted its position in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after buying an additional 62,719 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 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.