eBay (NASDAQ:EBAY) Research Coverage Started at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald began coverage on shares of eBay (NASDAQ:EBAY - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a "neutral" rating and a $62.00 price target on the e-commerce company's stock. Cantor Fitzgerald's target price would suggest a potential upside of 4.87% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. Wolfe Research started coverage on shares of eBay in a report on Tuesday, July 16th. They issued a "peer perform" rating for the company. StockNews.com raised eBay from a "buy" rating to a "strong-buy" rating in a research report on Thursday, June 27th. Bank of America lifted their price target on shares of eBay from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Jefferies Financial Group upped their price objective on shares of eBay from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Thursday, May 30th. Finally, Truist Financial raised their target price on shares of eBay from $50.00 to $58.00 and gave the company a "hold" rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $56.90.

eBay Stock Up 0.3 %

NASDAQ:EBAY traded up $0.17 during trading hours on Thursday, hitting $59.12. 4,199,728 shares of the stock traded hands, compared to its average volume of 5,533,493. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.30 and a beta of 1.31. The firm has a 50 day moving average price of $55.58 and a 200 day moving average price of $52.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $59.85.

Insider Buying and Selling

In other news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Rebecca Spencer sold 2,083 shares of the firm's stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company's stock, valued at $220,324.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company's stock, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eBay

Several hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company's stock worth $4,523,000 after acquiring an additional 17,143 shares during the period. SteelPeak Wealth LLC increased its holdings in eBay by 42.3% in the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company's stock valued at $3,042,000 after purchasing an additional 17,140 shares during the last quarter. Cetera Investment Advisers lifted its stake in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock valued at $4,178,000 after buying an additional 60,544 shares during the period. PGGM Investments grew its position in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company's stock worth $3,283,000 after buying an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC increased its stake in shares of eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company's stock valued at $1,923,000 after acquiring an additional 29,624 shares during the last quarter. Institutional investors 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.