eBay (NASDAQ:EBAY – Get Free Report) had its price objective increased by analysts at Piper Sandler from $64.00 to $67.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce company’s stock. Piper Sandler’s price target would suggest a potential upside of 18.00% from the stock’s previous close.
EBAY has been the topic of several other reports. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen increased their price target on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.23.
Read Our Latest Report on EBAY
eBay Stock Performance
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. Equities analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.
Insider Buying and Selling at eBay
In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock worth $2,678,424 over the last three months. Corporate insiders own 0.38% of the company’s stock.
Institutional Investors Weigh In On eBay
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in eBay by 7.7% in the first 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. increased its stake 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 valued at $1,394,797,000 after buying an additional 3,880,649 shares during the period. M&G Plc bought a new position in eBay in the 1st quarter valued at approximately $97,557,000. Swedbank AB acquired a new stake in eBay during the 1st quarter worth approximately $73,777,000. Finally, Altshuler Shaham Ltd bought a new stake in eBay during the 2nd quarter worth approximately $71,593,000. Institutional investors and hedge funds 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.
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