eBay (NASDAQ:EBAY) Price Target Raised to $71.00 at Morgan Stanley

eBay (NASDAQ:EBAY) had its target price lifted by Morgan Stanley from $65.00 to $71.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce company’s stock. Morgan Stanley’s price target points to a potential upside of 12.52% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Truist Financial increased their price objective on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Susquehanna increased their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Citigroup boosted their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.14.

eBay Price Performance

Shares of NASDAQ EBAY opened at $63.10 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average price is $62.71 and its two-hundred day moving average price is $56.44. The company has a market cap of $30.86 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay has a twelve month low of $37.17 and a twelve month high of $67.80.

eBay (NASDAQ:EBAY) last issued 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 return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. On average, analysts predict that eBay will post 3.86 EPS for the current year.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale 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 the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,391 shares of company stock worth $2,678,424. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. Park Avenue Securities LLC raised its position in shares of eBay by 6.3% during the first quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock worth $557,000 after acquiring an additional 623 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in eBay during the first quarter worth approximately $1,006,000. Kathmere Capital Management LLC bought a new stake in eBay in the first quarter worth approximately $436,000. Founders Financial Securities LLC bought a new position in eBay in the first quarter worth approximately $311,000. Finally, Optas LLC raised its holdings in shares of eBay by 1.9% in the 1st quarter. Optas LLC now owns 33,758 shares of the e-commerce company’s stock worth $1,782,000 after acquiring an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.