UBS Group Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its target price lifted by UBS Group from $66.00 to $72.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. UBS Group’s price objective would indicate a potential upside of 2.66% from the stock’s current price.

EBAY has been the topic of a number of other research reports. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Tuesday, November 5th. Truist Financial increased their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America reduced their target price on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.38.

eBay Price Performance

Shares of EBAY stock traded up $0.74 during trading hours on Monday, reaching $70.13. 2,407,198 shares of the company were exchanged, compared to its average volume of 4,276,583. The stock’s fifty day moving average is $65.87 and its two-hundred day moving average is $63.43. eBay has a fifty-two week low of $43.67 and a fifty-two week high of $71.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $33.59 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 2.22 and a beta of 1.35.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of eBay during the 4th quarter worth about $38,000. Ascent Group LLC raised its position in shares of eBay by 8.2% during the fourth quarter. Ascent Group LLC now owns 13,450 shares of the e-commerce company’s stock worth $833,000 after acquiring an additional 1,024 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of eBay by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 105,665 shares of the e-commerce company’s stock valued at $6,546,000 after purchasing an additional 15,639 shares during the last quarter. Forum Financial Management LP raised its stake in shares of eBay by 43.2% during the fourth quarter. Forum Financial Management LP now owns 4,680 shares of the e-commerce company’s stock worth $290,000 after buying an additional 1,411 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its holdings in eBay by 12.3% in the fourth quarter. Formidable Asset Management LLC now owns 4,929 shares of the e-commerce company’s stock valued at $305,000 after buying an additional 539 shares during the period. 87.48% of the stock is currently owned by institutional investors.

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.