Evercore ISI Increases eBay (NASDAQ:EBAY) Price Target to $53.00

eBay (NASDAQ:EBAY) had its price objective raised by analysts at Evercore ISI from $47.00 to $53.00 in a report released on Thursday, Benzinga reports. The firm currently has an “in-line” rating on the e-commerce company’s stock. Evercore ISI’s target price suggests a potential downside of 6.58% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Wolfe Research assumed coverage on shares of eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Jefferies Financial Group raised their price objective on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Robert W. Baird raised their price objective on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup began coverage on shares of eBay in a report on Thursday, June 6th. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.75.

eBay Trading Up 2.0 %

Shares of NASDAQ:EBAY traded up $1.12 during mid-day trading on Thursday, reaching $56.73. 4,246,953 shares of the company were exchanged, compared to its average volume of 5,723,396. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 2.54 and a beta of 1.31. The firm’s 50-day simple moving average is $53.62 and its 200 day simple moving average is $50.03. eBay has a 1 year low of $37.17 and a 1 year high of $57.68.

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. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts forecast that eBay will post 3.73 EPS for the current year.

Insider Activity

In other news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,558 shares of company stock worth $3,001,254. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quent Capital LLC boosted its holdings in shares of eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after purchasing an additional 202 shares during the period. Checchi Capital Advisers LLC lifted its stake in eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after acquiring an additional 219 shares during the last quarter. Banco Santander S.A. lifted its stake in eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after acquiring an additional 236 shares during the last quarter. Tempus Wealth Planning LLC lifted its stake in eBay by 3.1% in the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after acquiring an additional 254 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in eBay by 41.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock valued at $47,000 after acquiring an additional 258 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.