eBay (NASDAQ:EBAY) PT Raised to $65.00

eBay (NASDAQ:EBAY - Get Free Report) had its target price increased by research analysts at Jefferies Financial Group from $58.00 to $65.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "hold" rating on the e-commerce company's stock. Jefferies Financial Group's target price indicates a potential upside of 2.65% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the stock. Susquehanna increased their price objective on shares of eBay from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Benchmark raised their price target on eBay from $58.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on eBay from $62.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, October 11th. Bank of America raised their target price on eBay from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.60.

eBay Trading Down 1.3 %

EBAY traded down $0.84 during trading hours on Tuesday, reaching $63.32. The company's stock had a trading volume of 4,348,343 shares, compared to its average volume of 5,454,713. The stock has a market cap of $31.79 billion, a PE ratio of 12.65, a P/E/G ratio of 2.59 and a beta of 1.32. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business's 50-day moving average is $62.09 and its 200-day moving average is $56.15.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. As a group, equities research analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock valued at $2,678,424 in the last three months. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently added to or reduced their stakes in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock worth $3,418,000 after buying an additional 153 shares in the last quarter. Davis Investment Partners LLC grew its holdings in shares of eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock worth $1,531,000 after acquiring an additional 180 shares during the period. Quent Capital LLC grew its holdings in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company's stock worth $167,000 after acquiring an additional 202 shares during the period. Checchi Capital Advisers LLC raised its holdings in eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company's stock worth $405,000 after purchasing an additional 219 shares during the last quarter. Finally, Harrington Investments INC boosted its position in eBay by 0.6% during the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company's stock worth $2,434,000 after purchasing an additional 232 shares in the last quarter. 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.