eBay (NASDAQ:EBAY) PT Raised to $54.00 at TD Cowen

eBay (NASDAQ:EBAY) had its price target lifted by research analysts at TD Cowen from $45.00 to $54.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the e-commerce company’s stock. TD Cowen’s target price points to a potential downside of 14.46% from the company’s current price.

Several other analysts have also recently commented on EBAY. Deutsche Bank Aktiengesellschaft raised their price target on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna boosted their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Bank of America upped their price target on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Finally, The Goldman Sachs Group increased their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.14.

eBay Stock Performance

Shares of EBAY stock traded down $0.46 during trading hours on Friday, hitting $63.13. The stock had a trading volume of 1,922,571 shares, compared to its average volume of 5,424,245. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $31.69 billion, a PE ratio of 12.59, a PEG ratio of 2.59 and a beta of 1.32. The stock’s 50 day moving average is $62.40 and its 200 day moving average is $56.28. eBay has a twelve month low of $37.17 and a twelve month high of $67.80.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. As a group, research analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock worth $2,678,424 in the last quarter. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay in the second quarter worth $26,000. Tortoise Investment Management LLC grew its position in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in eBay during the second quarter worth about $29,000. Washington Trust Advisors Inc. bought a new position in eBay in the first quarter worth about $30,000. Finally, LRI Investments LLC acquired a new position in eBay in the first quarter valued at approximately $29,000. 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.