eBay (NASDAQ:EBAY) Given New $72.00 Price Target at UBS Group

eBay (NASDAQ:EBAY) had its target price raised by UBS Group from $66.00 to $72.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

Several other equities analysts have also commented on EBAY. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Citigroup lifted their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two investment 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 company has an average rating of “Hold” and an average target price of $63.38.

eBay Stock Performance

EBAY opened at $69.99 on Monday. The firm has a market cap of $33.53 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The business’s fifty day moving average is $66.00 and its 200-day moving average is $63.53. eBay has a 52-week low of $43.67 and a 52-week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of eBay

Several hedge funds have recently bought and sold shares of EBAY. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter valued at about $27,000. Orion Capital Management LLC bought a new position in eBay in the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay in the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the 4th quarter worth $33,000. Finally, Quarry LP purchased a new stake in shares of eBay in the third quarter valued at about $36,000. Institutional investors and hedge funds 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.