eBay (NASDAQ:EBAY) Price Target Cut to $59.00

eBay (NASDAQ:EBAYGet Rating) had its price target lowered by Barclays from $60.00 to $59.00 in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the e-commerce company’s stock. Barclays‘s target price indicates a potential upside of 24.79% from the stock’s current price.

EBAY has been the topic of several other reports. Benchmark decreased their price objective on shares of eBay from $71.00 to $67.00 in a research report on Thursday, May 5th. Robert W. Baird upped their price objective on shares of eBay from $54.00 to $60.00 in a research report on Thursday. Morgan Stanley increased their price target on shares of eBay from $36.00 to $37.00 and gave the company an “underweight” rating in a research report on Thursday. Credit Suisse Group increased their price target on shares of eBay from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JMP Securities assumed coverage on shares of eBay in a research report on Wednesday, June 1st. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $60.89.

eBay Stock Down 1.2 %

EBAY stock opened at $47.28 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.48 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $45.11 and its 200 day moving average is $51.11. The stock has a market cap of $26.47 billion, a price-to-earnings ratio of 112.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. eBay has a 1-year low of $40.52 and a 1-year high of $81.19.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The e-commerce company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. eBay had a net margin of 3.60% and a return on equity of 24.42%. During the same period in the previous year, the business earned $0.82 EPS. Sell-side analysts predict that eBay will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Brian J. Doerger sold 3,633 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $47.95, for a total value of $174,202.35. Following the completion of the sale, the chief accounting officer now owns 14,929 shares of the company’s stock, valued at $715,845.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Brian J. Doerger sold 3,633 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $47.95, for a total value of $174,202.35. Following the completion of the sale, the chief accounting officer now owns 14,929 shares of the company’s stock, valued at $715,845.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Doerger sold 7,942 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $45.16, for a total value of $358,660.72. Following the completion of the sale, the chief accounting officer now directly owns 18,562 shares of the company’s stock, valued at approximately $838,259.92. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Bellevue Asset Management LLC purchased a new position in eBay during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC purchased a new position in eBay during the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the fourth quarter valued at $29,000. Iron Horse Wealth Management LLC lifted its position in eBay by 84.6% during the first quarter. Iron Horse Wealth Management LLC now owns 600 shares of the e-commerce company’s stock valued at $34,000 after buying an additional 275 shares during the period. Finally, Ellevest Inc. lifted its position in eBay by 66.6% during the first quarter. Ellevest Inc. now owns 603 shares of the e-commerce company’s stock valued at $35,000 after buying an additional 241 shares during the period. Hedge funds and other institutional investors own 88.99% of the company’s stock.

About eBay

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

Further Reading

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