eBay (NASDAQ:EBAY) Price Target Raised to $64.00 at Wells Fargo & Company

eBay (NASDAQ:EBAY) had its price objective lifted by research analysts at Wells Fargo & Company from $61.00 to $64.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the e-commerce company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 7.43% from the company’s current price.

A number of other equities analysts also recently issued reports on EBAY. Barclays set a $72.00 price target on eBay and gave the stock an “overweight” rating in a research note on Thursday. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Mizuho lifted their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.21.

eBay Stock Performance

EBAY stock opened at $69.14 on Thursday. The company has a market cap of $33.12 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay has a 1 year low of $46.53 and a 1 year high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $66.24 and its 200-day moving average price is $63.67.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares during the period. Kestra Investment Management LLC boosted its holdings in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after purchasing an additional 7,074 shares during the period. Trustmark National Bank Trust Department purchased a new stake in shares of eBay in the third quarter valued at approximately $1,307,000. Prospera Financial Services Inc boosted its holdings in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after purchasing an additional 139,315 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.