eBay (NASDAQ:EBAY) Stock Rating Upgraded by StockNews.com

eBay (NASDAQ:EBAY) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Other research analysts have also issued research reports about the company. Citigroup upped their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Susquehanna raised their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price objective on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Piper Sandler reiterated an “overweight” rating and set a $64.00 price target (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.29.

eBay Stock Performance

NASDAQ:EBAY opened at $65.83 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $66.10. The firm has a market cap of $33.05 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. The business has a 50 day moving average price of $59.04 and a 200-day moving average price of $54.74.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share 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 business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Equities research analysts predict that eBay will post 3.86 earnings per share for the current year.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of EBAY. Van ECK Associates Corp increased its position in eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after acquiring an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in shares of eBay by 42.3% in the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after purchasing an additional 17,140 shares during the period. Cetera Investment Advisers boosted its holdings in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments grew its position in eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC increased its holdings in eBay by 435.2% during the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares during the last quarter. 87.48% of the stock is 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.