Truist Financial Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY) had its price target raised by equities research analysts at Truist Financial from $58.00 to $62.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the e-commerce company’s stock. Truist Financial’s price objective suggests a potential upside of 1.51% from the stock’s current price.

A number of other research firms also recently issued reports on EBAY. Wells Fargo & Company reduced their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird dropped their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their target price on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.87.

eBay Stock Down 0.7 %

Shares of NASDAQ:EBAY opened at $61.08 on Tuesday. The company has a market capitalization of $29.26 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.90 and a beta of 1.34. eBay has a 12-month low of $37.17 and a 12-month high of $67.80. The business has a 50-day moving average price of $63.12 and a 200 day moving average price of $57.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction 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 owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents 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 ninety days. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares during the period. Optas LLC increased its holdings in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares during the period. Davis Investment Partners LLC raised its stake in shares of eBay by 0.8% during 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 last quarter. Arvest Investments Inc. lifted its holdings in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after purchasing an additional 183 shares during the period. Finally, Quent Capital LLC grew its position in eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after buying an additional 202 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.