eBay (NASDAQ:EBAY) Price Target Raised to $54.00

eBay (NASDAQ:EBAY) had its price objective lifted by research analysts at TD Cowen from $45.00 to $54.00 in a report released on Friday, Benzinga reports. The firm presently has a “hold” rating on the e-commerce company’s stock. TD Cowen’s price objective indicates a potential downside of 14.46% from the company’s previous close.

EBAY has been the subject of several other reports. Robert W. Baird raised their target price on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 target price (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Wolfe Research assumed coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.14.

eBay Price Performance

Shares of EBAY stock traded down $0.46 during midday trading on Friday, reaching $63.13. 1,922,571 shares of the company were exchanged, compared to its average volume of 5,424,245. The company’s 50 day moving average price is $62.40 and its two-hundred day moving average price is $56.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $31.69 billion, a P/E ratio of 12.59, a PEG ratio of 2.59 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 announced 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. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. On average, sell-side analysts expect that eBay will post 3.86 earnings per share for the current year.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. raised its position in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. Mirova US LLC boosted its position in shares of eBay by 2.1% during the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after acquiring an additional 189,505 shares in the last quarter. Victory Capital Management Inc. increased its stake in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after acquiring an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 8.6% in 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 acquiring an additional 530,941 shares during the last quarter. Institutional investors and hedge funds 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.