eBay (NASDAQ:EBAY) Upgraded at StockNews.com

eBay (NASDAQ:EBAY - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

EBAY has been the topic of a number of other reports. Truist Financial boosted their target price on eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. BMO Capital Markets raised their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Wedbush began coverage on eBay in a research report on Monday, December 9th. They issued a "neutral" rating and a $70.00 price objective on the stock. Bank of America dropped their price objective on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.54.

eBay Price Performance

eBay stock traded up $1.45 during midday trading on Friday, reaching $66.67. The company's stock had a trading volume of 9,027,565 shares, compared to its average volume of 4,918,355. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a fifty-two week low of $48.04 and a fifty-two week high of $71.61. The firm has a market capitalization of $31.93 billion, a PE ratio of 16.75, a P/E/G ratio of 2.22 and a beta of 1.35. The stock's 50 day simple moving average is $66.25 and its 200 day simple moving average is $63.91.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay 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 transaction, the chief executive officer now directly owns 531,167 shares of the company's stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EBAY. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock valued at $3,489,000 after buying an additional 1,063 shares during the period. Kestra Investment Management LLC grew its position in eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department purchased a new stake in shares of eBay during the third quarter valued at approximately $1,307,000. Prospera Financial Services Inc raised its stake in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock valued at $4,598,000 after purchasing an additional 62,719 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after purchasing an additional 139,315 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.