eBay (NASDAQ:EBAY) Receives “Buy” Rating from Needham & Company LLC

eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a report released on Wednesday, MarketBeat.com reports. They presently have a $72.00 target price on the e-commerce company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 13.23% from the company’s current price.

Several other equities analysts also recently issued reports on EBAY. Jefferies Financial Group lifted their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday. Wells Fargo & Company boosted their target price on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Robert W. Baird boosted their target price on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Citigroup lifted their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Benchmark lifted their price target on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.38.

eBay Stock Down 0.1 %

Shares of eBay stock opened at $63.59 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $31.92 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 2.59 and a beta of 1.32. eBay has a 52-week low of $37.17 and a 52-week high of $67.80. The stock has a 50-day simple moving average of $62.40 and a 200-day simple moving average of $56.28.

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

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock valued at $2,678,424 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. Ameriprise Financial Inc. boosted 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 during the last quarter. Mirova US LLC raised its holdings in eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after acquiring an additional 189,505 shares during the last quarter. Victory Capital Management Inc. boosted its stake in eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after purchasing an additional 530,941 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other 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.