eBay (NASDAQ:EBAY) Price Target Raised to $60.00 at Mizuho

eBay (NASDAQ:EBAY) had its target price upped by stock analysts at Mizuho from $55.00 to $60.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the e-commerce company’s stock. Mizuho’s target price suggests a potential downside of 1.67% from the company’s current price.

Several other equities analysts have also recently issued reports on EBAY. Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. Piper Sandler upped their target price on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. UBS Group lowered their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Price Performance

Shares of NASDAQ EBAY traded up $0.79 on Tuesday, hitting $61.02. The company’s stock had a trading volume of 2,398,345 shares, compared to its average volume of 5,448,870. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. The stock has a 50 day moving average of $63.01 and a 200-day moving average of $56.89. eBay has a 12-month low of $37.17 and a 12-month high of $67.80.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the 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 directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,391 shares of company stock valued at $2,678,424. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of eBay by 7.7% in 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 purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. M&G Plc bought a new position in eBay during the 1st quarter worth approximately $97,557,000. Swedbank AB bought a new stake in eBay during the 1st quarter valued at $73,777,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of eBay in the 2nd quarter worth about $71,593,000. 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.