Wells Fargo & Company Boosts eBay (NASDAQ:EBAY) Price Target to $63.00

eBay (NASDAQ:EBAY) had its price objective boosted by equities research analysts at Wells Fargo & Company from $55.00 to $63.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the e-commerce company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 4.96% from the company’s previous close.

Several other research analysts also recently issued reports on EBAY. Susquehanna upped their price target on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Citigroup upped their price target on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird upped their price target on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Daiwa America upgraded shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. started coverage on shares of eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $57.67.

eBay Stock Up 1.4 %

Shares of NASDAQ:EBAY opened at $66.29 on Thursday. eBay has a 52 week low of $37.17 and a 52 week high of $66.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company’s fifty day moving average is $59.76 and its 200-day moving average is $54.99. The company has a market capitalization of $33.28 billion, a PE ratio of 13.21, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities research analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of eBay

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. increased its stake in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Mirova US LLC increased its stake in eBay by 2.1% during the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares in the last quarter. Victory Capital Management Inc. boosted its position in eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

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.