eBay (NASDAQ:EBAY) Price Target Increased to $65.00 by Analysts at Jefferies Financial Group

eBay (NASDAQ:EBAY) had its target price lifted by research analysts at Jefferies Financial Group from $58.00 to $65.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the e-commerce company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 1.72% from the stock’s current price.

EBAY has been the subject of several other reports. Morgan Stanley increased their target price on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Bank of America increased their target price on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Daiwa America upgraded eBay to a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird upped their price target on eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, Benchmark upped their price target on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $59.60.

eBay Price Performance

NASDAQ EBAY opened at $63.90 on Tuesday. eBay has a 52 week low of $37.17 and a 52 week high of $67.80. The firm has a market capitalization of $32.08 billion, a P/E ratio of 12.73, a PEG ratio of 2.59 and a beta of 1.32. 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 company has a 50-day moving average price of $62.09 and a 200-day moving average price of $56.15.

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. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. Equities research analysts anticipate that eBay will post 3.86 earnings per share for the current year.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the 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 in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the 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 sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,391 shares of company stock worth $2,678,424. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after purchasing an additional 153 shares during the period. Davis Investment Partners LLC increased its stake in eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after purchasing an additional 180 shares during the period. Quent Capital LLC increased its stake in eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after purchasing an additional 202 shares during the period. Checchi Capital Advisers LLC increased its stake in eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after purchasing an additional 219 shares during the period. Finally, Harrington Investments INC increased its stake in eBay by 0.6% in the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock worth $2,434,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Company Profile

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.