UBS Group Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY) had its target price lifted by equities research analysts at UBS Group from $66.00 to $72.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the e-commerce company’s stock. UBS Group’s price target points to a potential upside of 1.51% from the company’s current price.

EBAY has been the subject of several other research reports. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and dropped their target price for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Bank of America dropped their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. 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. Finally, Mizuho increased their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $63.38.

eBay Trading Up 1.3 %

Shares of EBAY stock opened at $70.93 on Monday. eBay has a 1-year low of $43.67 and a 1-year high of $71.52. The firm has a market cap of $33.98 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a 50-day moving average of $66.14 and a two-hundred day moving average of $63.63. 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 Activity

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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

Several institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the period. Independent Franchise Partners LLP grew its stake in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares during the period. Wellington Management Group LLP acquired a new position in eBay in the third quarter valued at $105,506,000. Marshall Wace LLP increased its stake in shares of eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock valued at $130,421,000 after acquiring an additional 1,584,404 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in eBay during the fourth quarter worth approximately $96,214,000. Institutional investors and hedge funds 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.