eBay (NASDAQ:EBAY) Price Target Raised to $70.00 at Susquehanna

by · The Cerbat Gem

eBay (NASDAQ:EBAY – Get Free Report) had its price objective raised by analysts at Susquehanna from $65.00 to $70.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. Susquehanna’s target price indicates a potential upside of 2.04% from the company’s current price.

EBAY has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Sanford C. Bernstein downgraded eBay from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $70.00 to $65.00 in a research report on Tuesday, April 22nd. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.32.

Get Our Latest Stock Analysis on EBAY

eBay Stock Up 1.4 %

NASDAQ EBAY opened at $68.60 on Monday. eBay has a 52 week low of $49.25 and a 52 week high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $31.97 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock’s 50-day moving average price is $65.83 and its 200-day moving average price is $65.00.

eBay (NASDAQ:EBAY – Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $1.25 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that eBay will post 3.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,685 shares of company stock worth $2,743,345 over the last quarter. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Abound Financial LLC acquired a new stake in eBay in the first quarter worth about $29,000. Golden State Wealth Management LLC acquired a new position in eBay during the 4th quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay during the fourth quarter worth $31,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the 4th quarter valued at $33,000. 87.48% of the stock is currently owned by institutional investors.

About eBay

(Get Free Report)

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.

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