eBay (NASDAQ:EBAY) PT Raised to $64.00

eBay (NASDAQ:EBAY) had its price objective raised by investment analysts at Morgan Stanley from $61.00 to $64.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the e-commerce company’s stock. Morgan Stanley’s price objective points to a potential upside of 18.58% from the company’s current price.

Several other research firms have also recently commented on EBAY. Wells Fargo & Company lifted their target price on eBay from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 25th. Benchmark reiterated a “buy” rating and set a $58.00 target price on shares of eBay in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Citigroup assumed coverage on eBay in a report on Thursday, June 6th. They set a “buy” rating and a $64.00 target price on the stock. Finally, StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $54.00.

eBay Trading Down 0.8 %

Shares of NASDAQ EBAY traded down $0.42 during midday trading on Friday, hitting $53.97. The stock had a trading volume of 552,343 shares, compared to its average volume of 5,758,755. The company’s 50-day simple moving average is $53.23 and its 200 day simple moving average is $49.26. The firm has a market cap of $27.09 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 2.51 and a beta of 1.31. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $55.69. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. Research analysts anticipate that eBay will post 3.72 EPS for the current year.

Insider Buying and Selling at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last three months. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently modified their holdings of the company. TCW Group Inc. boosted its stake in shares of eBay by 113.8% during the 2nd quarter. TCW Group Inc. now owns 25,847 shares of the e-commerce company’s stock valued at $1,389,000 after purchasing an additional 13,756 shares in the last quarter. Davis Investment Partners LLC boosted its stake in shares of eBay by 34.4% during the 2nd quarter. Davis Investment Partners LLC now owns 23,295 shares of the e-commerce company’s stock valued at $1,262,000 after purchasing an additional 5,959 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of eBay by 164.0% during the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock valued at $56,000 after purchasing an additional 664 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of eBay by 234.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock valued at $9,806,000 after purchasing an additional 127,991 shares in the last quarter. 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.