eBay Inc. (NASDAQ:EBAY) Receives $62.92 Average Target Price from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been given an average rating of “Hold” by the twenty-seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $62.92.

Several brokerages have recently weighed in on EBAY. JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Wells Fargo & Company upped their price target on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Wedbush started coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target on the stock. Morgan Stanley boosted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Truist Financial increased their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’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 transaction of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % 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 valued at $1,746,065. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter worth $27,000. Quarry LP purchased a new stake in eBay during the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the 4th quarter worth about $36,000. USA Financial Formulas purchased a new position in eBay during the 3rd quarter valued at about $38,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of eBay during the fourth quarter valued at about $40,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Down 0.8 %

eBay stock opened at $67.94 on Thursday. The company has a market capitalization of $32.54 billion, a PE ratio of 17.07, a PEG ratio of 2.15 and a beta of 1.35. eBay has a 12-month low of $40.74 and a 12-month high of $71.52. The firm’s fifty day moving average is $64.97 and its 200 day moving average is $62.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

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.