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

eBay (NASDAQ:EBAY) had its price target raised by investment analysts at Barclays from $72.00 to $77.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the e-commerce company’s stock. Barclays‘s target price suggests a potential upside of 12.24% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Piper Sandler increased their target price on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday. Susquehanna upped their price target on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus increased their price target on shares of eBay from $61.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.12.

eBay Stock Up 1.4 %

Shares of EBAY opened at $68.60 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $65.83 and a two-hundred day moving average price of $65.02. The stock has a market cap of $31.97 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.43. eBay has a 12 month low of $49.25 and a 12 month high of $71.61.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. eBay’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that eBay will post 3.86 EPS for the current fiscal year.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter worth about $27,000. Orion Capital Management LLC bought a new position in shares of eBay during the 4th quarter worth approximately $27,000. Abound Financial LLC acquired a new stake in shares of eBay in the first quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new stake in shares of eBay in the fourth quarter worth $31,000. Finally, Itau Unibanco Holding S.A. acquired a new position in eBay during the fourth quarter worth $33,000. Institutional investors and hedge funds 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.