eBay (NASDAQ:EBAY) Upgraded at StockNews.com

eBay (NASDAQ:EBAYGet Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other equities analysts also recently commented on EBAY. Bank of America boosted 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. Morgan Stanley increased their price objective on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Truist Financial lifted their target price on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. The Goldman Sachs Group increased their price target on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised their price target on eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and an average target price of $57.29.

Read Our Latest Research Report on eBay

eBay Trading Up 1.1 %

Shares of NASDAQ:EBAY opened at $65.83 on Monday. The stock has a 50 day moving average of $59.04 and a 200 day moving average of $54.74. The company has a market cap of $33.05 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay has a 12-month low of $37.17 and a 12-month high of $66.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAYGet Free Report) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, equities research analysts expect that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated 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 directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s 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 transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Institutional Trading of eBay

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of eBay by 7.7% in the 1st 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 last quarter. Ameriprise Financial Inc. raised its holdings in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. M&G Plc acquired a new stake in shares of eBay during the first quarter worth $97,557,000. Swedbank AB purchased a new stake in shares of eBay during the first quarter valued at $73,777,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of eBay in the 2nd quarter valued at $71,593,000. 87.48% of the stock is currently owned by institutional investors.

About eBay

(Get Free Report)

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.

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