TD Cowen Increases eBay (NASDAQ:EBAY) Price Target to $54.00

eBay (NASDAQ:EBAY) had its price target hoisted by investment analysts at TD Cowen from $45.00 to $54.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the e-commerce company’s stock. TD Cowen’s price target points to a potential downside of 14.42% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group increased their price target on shares of eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Wolfe Research initiated coverage on eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Finally, Susquehanna upped their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $62.14.

eBay Price Performance

Shares of EBAY opened at $63.10 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average is $62.71 and its two-hundred day moving average is $56.41. eBay has a twelve month low of $37.17 and a twelve month high of $67.80. The firm has a market capitalization of $30.86 billion, a PE ratio of 12.25, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. Research analysts anticipate that eBay will post 3.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, 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 at this link. In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction 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. 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 at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,391 shares of company stock valued at $2,678,424. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay during the second quarter worth approximately $26,000. Tortoise Investment Management LLC increased its holdings in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in eBay in the 1st quarter valued at $29,000. Hobbs Group Advisors LLC purchased a new position in eBay in the second quarter valued at about $29,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of eBay in the first quarter worth about $30,000. Hedge funds and other institutional investors 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.