eBay (NASDAQ:EBAY) Given Neutral Rating at Cantor Fitzgerald

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reiterated by equities researchers at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $62.00 target price on the e-commerce company’s stock. Cantor Fitzgerald’s price target would indicate a potential downside of 4.60% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price target on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Evercore ISI lifted their price objective on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Benchmark raised their target price on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $57.29.

eBay Trading Up 1.5 %

EBAY stock traded up $0.99 during trading on Monday, reaching $64.99. 1,305,367 shares of the stock were exchanged, compared to its average volume of 5,563,937. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $32.62 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 2.45 and a beta of 1.32. The business has a 50 day moving average price of $58.57 and a 200-day moving average price of $54.55. eBay has a 1 year low of $37.17 and a 1 year high of $65.44.

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

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on 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 $4,494,918.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the second quarter valued at about $26,000. Tortoise Investment Management LLC boosted its holdings in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the 2nd quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of eBay in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.