Benchmark Increases eBay (NASDAQ:EBAY) Price Target to $75.00

eBay (NASDAQ:EBAY) had its price target lifted by equities research analysts at Benchmark from $65.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the e-commerce company’s stock. Benchmark’s price target would indicate a potential upside of 15.85% from the stock’s current price.

A number of other equities research analysts have also weighed in on EBAY. Piper Sandler boosted their target price on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company lifted their target price on eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $65.33.

eBay Stock Performance

Shares of EBAY stock opened at $64.74 on Thursday. The firm has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average price is $66.22 and its 200-day moving average price is $63.73. eBay has a 12 month low of $47.06 and a 12 month high of $71.61.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated 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 approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter worth $27,000. Orion Capital Management LLC bought a new stake in eBay in the 4th quarter worth about $27,000. Pinney & Scofield Inc. bought a new stake in eBay in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in eBay in the 4th quarter valued at about $33,000. Finally, Quarry LP bought a new position in shares of eBay during the 3rd quarter worth approximately $36,000. 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.