Needham & Company LLC Reiterates Buy Rating for eBay (NASDAQ:EBAY)

eBay (NASDAQ:EBAY - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Needham & Company LLC in a research note issued on Wednesday, Benzinga reports. They currently have a $72.00 price objective on the e-commerce company's stock. Needham & Company LLC's price objective would suggest a potential upside of 13.71% from the stock's current price.

A number of other equities analysts also recently weighed in on EBAY. Susquehanna upped their price target on eBay from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the company a "sell" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They issued a "neutral" rating and a $60.00 price objective for the company. Piper Sandler reissued an "overweight" rating and issued a $64.00 price objective (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. Finally, Robert W. Baird increased 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. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, eBay has an average rating of "Hold" and a consensus price target of $60.19.

eBay Trading Down 1.3 %

NASDAQ:EBAY opened at $63.32 on Wednesday. eBay has a twelve month low of $37.17 and a twelve month high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $62.25 and a two-hundred day moving average price of $56.22. The company has a market cap of $31.79 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32.

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

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Stephen J. Priest sold 25,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,391 shares of company stock worth $2,678,424. Company insiders own 0.38% of the company's stock.

Institutional Trading of eBay

Several large investors have recently bought and sold shares of EBAY. Vanguard Group Inc. boosted its stake in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock valued at $3,321,403,000 after buying an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. M&G Plc acquired a new stake in eBay in the first quarter valued at about $97,557,000. Swedbank AB acquired a new stake in eBay in the first quarter valued at about $73,777,000. Finally, Altshuler Shaham Ltd acquired a new stake in eBay in the second quarter valued at about $71,593,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.

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