eBay Inc. (NASDAQ:EBAY) Receives $54.00 Consensus Price Target from Brokerages

eBay Inc. (NASDAQ:EBAY) has been given an average rating of “Hold” by the nineteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $53.94.

A number of equities research analysts recently issued reports on EBAY shares. Barclays increased their target price on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial increased their target price on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Wolfe Research started coverage on shares of eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Mizuho increased their target price on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group increased their price objective on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, May 30th.

eBay Trading Up 2.0 %

Shares of eBay stock opened at $54.18 on Friday. The firm has a market capitalization of $27.20 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The company’s fifty day moving average price is $53.43 and its two-hundred day moving average price is $49.75. eBay has a 52-week low of $37.17 and a 52-week high of $55.69.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. On average, analysts expect that eBay will post 3.73 EPS for the current year.

Insider Activity

In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,558 shares of company stock valued at $3,001,254. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. CVA Family Office LLC acquired a new stake in eBay during the 4th quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay during the 2nd quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in eBay during the 1st quarter worth approximately $30,000. 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.