eBay (NASDAQ:EBAY) PT Raised to $72.00 at UBS Group

eBay (NASDAQ:EBAY) had its price objective raised by equities research analysts at UBS Group from $59.00 to $72.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. UBS Group’s price objective points to a potential upside of 14.10% from the stock’s current price.

Several other equities research analysts have also commented on EBAY. Piper Sandler reissued an “overweight” rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Wolfe Research assumed coverage on eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley raised their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.14.

eBay Stock Down 0.8 %

Shares of NASDAQ:EBAY opened at $63.10 on Thursday. The firm has a market capitalization of $31.68 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.59 and a beta of 1.32. 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 stock has a 50 day moving average price of $62.56 and a 200-day moving average price of $56.33. eBay has a 52-week low of $37.17 and a 52-week high of $67.80.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research 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 the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, 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 have sold a total of 41,391 shares of company stock valued at $2,678,424 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

Several large investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of eBay by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after acquiring an additional 180 shares in the last quarter. Quent Capital LLC boosted its position in shares of eBay by 6.8% during the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after acquiring an additional 202 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 219 shares in the last quarter. Finally, Harrington Investments INC increased its position in eBay by 0.6% in the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock worth $2,434,000 after purchasing an additional 232 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.