eBay (NASDAQ:EBAY) Stock Price Expected to Rise, Morgan Stanley Analyst Says

eBay (NASDAQ:EBAYGet Free Report) had its price objective raised by analysts at Morgan Stanley from $70.00 to $72.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce company’s stock. Morgan Stanley’s price target would suggest a potential upside of 11.78% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Citigroup upped their price objective on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.83.

Get Our Latest Stock Analysis on EBAY

eBay Price Performance

EBAY opened at $64.41 on Monday. The company has a market capitalization of $30.85 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 12-month low of $40.16 and a 12-month high of $71.52. The business’s fifty day simple moving average is $63.40 and its 200-day simple moving average is $60.82.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,116 shares of company stock worth $1,637,705 over the last quarter. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several hedge funds have recently bought and sold shares of EBAY. Private Advisor Group LLC increased its holdings in shares of eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares in the last quarter. Prospera Financial Services Inc grew its position in eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after buying an additional 62,719 shares during the period. Trustmark National Bank Trust Department purchased a new position in eBay in the third quarter valued at $1,307,000. Nordea Investment Management AB raised its position in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of eBay by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after acquiring an additional 9,990 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Company Profile

(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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