eBay (NASDAQ:EBAY) Price Target Raised to $64.00

eBay (NASDAQ:EBAY) had its target price boosted by stock analysts at Wells Fargo & Company from $61.00 to $64.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the e-commerce company’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.14% from the company’s current price.

A number of other analysts have also recently issued reports on the company. UBS Group boosted their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Piper Sandler boosted their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. Finally, Wedbush began coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.33.

eBay Stock Performance

EBAY opened at $64.74 on Thursday. The stock has a market cap of $31.01 billion, a PE ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 1 year low of $47.06 and a 1 year high of $71.61. The stock’s 50 day simple moving average is $66.22 and its 200-day simple moving average is $63.73.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

Several large investors have recently made changes to their positions in the company. Smithfield Trust Co lifted its stake in shares of eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares during the period. Cypress Wealth Services LLC lifted its stake in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after acquiring an additional 157 shares during the period. IFP Advisors Inc lifted its stake in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after acquiring an additional 163 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares during the period. Finally, Bailard Inc. lifted its stake in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds 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.