eBay (NASDAQ:EBAY) Given “Buy” Rating at Needham & Company LLC

eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $72.00 price target on the e-commerce company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 14.96% from the company’s current price.

Several other research analysts also recently commented on EBAY. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Piper Sandler restated an “overweight” rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. UBS Group boosted their price objective on shares of eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Evercore ISI lifted their target price on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $62.14.

eBay Stock Down 0.2 %

EBAY stock opened at $62.63 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay has a 1 year low of $37.17 and a 1 year high of $67.80. The company has a fifty day simple moving average of $63.03 and a 200 day simple moving average of $56.67. The firm has a market cap of $31.44 billion, a PE ratio of 12.48, a PEG ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) 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 analyst estimates of $2.53 billion. Sell-side analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of eBay 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 sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several institutional investors have recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC boosted its stake in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares during the last quarter. LRI Investments LLC bought a new position in eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new position in eBay during the 2nd quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. bought a new position in eBay during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.