JPMorgan Chase & Co. Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY) had its price target increased by JPMorgan Chase & Co. from $58.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 7.32% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Truist Financial lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup lifted their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.33.

eBay Stock Performance

Shares of eBay stock opened at $64.74 on Thursday. The firm’s fifty day simple moving average is $66.22 and its 200-day simple moving average is $63.73. The stock 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. eBay has a 12 month low of $47.06 and a 12 month 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.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in eBay in the 4th quarter valued at about $27,000. Orion Capital Management LLC acquired a new position in eBay in the 4th quarter valued at about $27,000. Pinney & Scofield Inc. acquired a new position in eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the 4th quarter valued at about $33,000. Finally, Quarry LP acquired a new position in eBay in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds 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.