eBay (NASDAQ:EBAY) Lifted to Strong-Buy at StockNews.com

eBay (NASDAQ:EBAY) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of eBay from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. TD Cowen increased their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Piper Sandler increased their price objective on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, BMO Capital Markets increased their price objective on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $53.71.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $53.69 on Thursday. The firm’s 50 day moving average price is $52.25 and its 200-day moving average price is $48.09. eBay has a twelve month low of $37.17 and a twelve month high of $55.35. 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 stock has a market capitalization of $26.95 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Equities research analysts expect that eBay will post 3.72 EPS for the current year.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. 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 firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock worth $3,001,254 over the last three months. 0.38% of the stock is owned by insiders.

Institutional Trading of eBay

Institutional investors and hedge funds have recently made changes to their positions in the business. CVA Family Office LLC bought a new stake in shares of eBay during the fourth quarter worth $25,000. LRI Investments LLC bought a new stake in shares of eBay during the first quarter worth $29,000. Washington Trust Advisors Inc. bought a new stake in shares of eBay during the first quarter worth $30,000. Jones Financial Companies Lllp lifted its position in shares of eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 310 shares during the last quarter. Finally, American National Bank lifted its position in shares of 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 purchasing an additional 400 shares during the last quarter. 87.48% of the stock is currently owned by 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.