eBay (NASDAQ:EBAY) Lifted to “Buy” at StockNews.com

eBay (NASDAQ:EBAY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

EBAY has been the topic of several other reports. Wells Fargo & Company cut their target price on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Bank of America boosted their price target on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. 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 report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their price target on shares of eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $57.29.

eBay Price Performance

Shares of eBay stock traded up $1.11 during midday trading on Monday, hitting $65.11. 5,393,933 shares of the company traded hands, compared to its average volume of 5,585,684. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average price is $58.57 and its 200-day moving average price is $54.55. eBay has a 12 month low of $37.17 and a 12 month high of $65.44.

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

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after buying an additional 4,524,934 shares during the period. Ameriprise Financial Inc. grew its position in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the period. Mirova US LLC grew its position in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. grew its position in eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after buying an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares during the last quarter. 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.