eBay (NASDAQ:EBAY) Price Target Raised to $72.00

eBay (NASDAQ:EBAY) had its price objective increased by research analysts at UBS Group from $66.00 to $72.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the e-commerce company’s stock. UBS Group’s price objective would suggest a potential upside of 2.66% from the stock’s previous close.

Other analysts have also issued research reports about the company. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Piper Sandler increased their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on shares of eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.38.

eBay Stock Up 1.1 %

Shares of NASDAQ EBAY traded up $0.74 during trading hours on Monday, hitting $70.13. The company had a trading volume of 2,407,198 shares, compared to its average volume of 4,276,583. eBay has a 1-year low of $43.67 and a 1-year high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $65.87 and its 200-day moving average is $63.43. The stock has a market capitalization of $33.59 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Private Advisor Group LLC raised its position in shares of eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after acquiring an additional 21,636 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Kestra Investment Management LLC lifted its stake in eBay by 172.5% during the 4th 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 during the period. Trustmark National Bank Trust Department purchased a new stake in eBay in the third quarter worth approximately $1,307,000. Finally, Prospera Financial Services Inc grew its holdings in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after acquiring an additional 62,719 shares during the period. Hedge funds and other 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.