eBay (NASDAQ:EBAY) PT Raised to $65.00

eBay (NASDAQ:EBAY) had its price target hoisted by analysts at Bank of America from $57.00 to $65.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the e-commerce company’s stock. Bank of America‘s target price suggests a potential downside of 0.05% from the stock’s previous close.

A number of other analysts have also commented on EBAY. Susquehanna raised their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. initiated coverage on eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price target on the stock. Truist Financial raised their price objective on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley increased their price target on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Wolfe Research assumed coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.29.

eBay Trading Up 2.5 %

EBAY traded up $1.58 during trading on Tuesday, hitting $65.03. 1,909,152 shares of the stock traded hands, compared to its average volume of 5,587,133. The firm has a market capitalization of $32.65 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. eBay has a 12-month low of $37.17 and a 12-month high of $65.27. 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 firm has a 50-day moving average of $57.78 and a 200 day moving average of $54.19.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities research analysts anticipate that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated 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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC grew its stake in shares of eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after buying an additional 202 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of eBay by 3.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after purchasing an additional 219 shares during the period. Banco Santander S.A. lifted its holdings in eBay by 2.1% during the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after buying an additional 236 shares during the period. Fidelis Capital Partners LLC raised its position in shares of eBay by 6.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock worth $205,000 after acquiring an additional 240 shares in the last quarter. Finally, Tempus Wealth Planning LLC lifted its stake in shares of eBay by 3.1% during the 1st quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after purchasing an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.