eBay (NASDAQ:EBAY) Given New $64.00 Price Target at Deutsche Bank Aktiengesellschaft

eBay (NASDAQ:EBAY) had its target price raised by investment analysts at Deutsche Bank Aktiengesellschaft from $60.00 to $64.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 13.13% from the company’s previous close.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective on the stock. Benchmark reiterated a “buy” rating and issued a $58.00 price objective on shares of eBay in a research note on Monday, June 17th. Truist Financial upped their price target on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Mizuho lifted their price objective on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group raised their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.45.

eBay Price Performance

Shares of EBAY stock traded up $0.96 during trading hours on Thursday, hitting $56.57. 5,070,254 shares of the company’s stock were exchanged, compared to its average volume of 5,727,770. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $57.68. The firm has a market cap of $28.40 billion, a P/E ratio of 11.29, a P/E/G ratio of 2.54 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $53.62 and a two-hundred day moving average of $50.03.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. Sell-side analysts forecast that eBay will post 3.73 EPS for the current year.

Insider Buying and Selling at eBay

In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,558 shares of company stock valued at $3,001,254. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the second quarter worth about $26,000. Hobbs Group Advisors LLC purchased a new position in eBay in the second quarter valued at approximately $29,000. Washington Trust Advisors Inc. acquired a new position in eBay during the first quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in eBay during the first quarter valued at approximately $29,000. Finally, American National Bank grew its stake in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.