eBay (NASDAQ:EBAY) Raised to “Outperform” at Sanford C. Bernstein

eBay (NASDAQ:EBAY) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $70.00 target price on the e-commerce company’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 14.60% from the company’s current price.

EBAY has been the subject of a number of other reports. Robert W. Baird lowered their target price on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Benchmark reiterated a “buy” rating and issued a $65.00 price objective on shares of eBay in a research report on Tuesday, October 29th. Susquehanna lifted their price objective on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $61.08 on Tuesday. eBay has a twelve month low of $37.17 and a twelve month high of $67.80. The firm has a market cap of $29.26 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day moving average of $63.12 and a 200-day moving average of $57.00.

Insider Activity

In other eBay news, 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 value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, 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 is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred 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 $4,530,000.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several institutional investors have recently bought and sold shares of the company. Accredited Investors Inc. acquired a new position in shares of eBay during the 3rd quarter worth approximately $218,000. Natixis Advisors LLC increased its position in shares of eBay by 10.7% during the 3rd quarter. Natixis Advisors LLC now owns 443,462 shares of the e-commerce company’s stock worth $28,874,000 after purchasing an additional 42,790 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $880,000. Insight 2811 Inc. acquired a new position in shares of eBay during the 3rd quarter worth approximately $205,000. Finally, Empowered Funds LLC increased its position in shares of eBay by 57.4% during the 3rd quarter. Empowered Funds LLC now owns 106,358 shares of the e-commerce company’s stock worth $6,925,000 after purchasing an additional 38,782 shares during the last quarter. 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.