eBay (NASDAQ:EBAY) Given New $78.00 Price Target at Needham & Company LLC

eBay (NASDAQ:EBAY) had its target price raised by equities research analysts at Needham & Company LLC from $72.00 to $78.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 13.70% from the company’s current price.

EBAY has been the subject of several other research reports. BMO Capital Markets lifted their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. UBS Group lifted their price objective on eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price target on eBay from $63.00 to $61.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.12.

eBay Trading Up 1.4 %

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

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

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay 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 transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now owns 590,108 shares of the company’s stock, valued at $39,153,665.80. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Pzena Investment Management LLC acquired a new position in shares of eBay in the 1st quarter worth approximately $261,000. Kingsview Wealth Management LLC bought a new stake in eBay during the first quarter valued at $3,464,000. Graypoint LLC grew its holdings in eBay by 19.8% during the 1st quarter. Graypoint LLC now owns 5,127 shares of the e-commerce company’s stock worth $347,000 after acquiring an additional 848 shares during the period. Trust Investment Advisors bought a new position in shares of eBay in the 1st quarter worth about $231,000. Finally, Larson Financial Group LLC lifted its stake in shares of eBay by 18.9% in the 1st quarter. Larson Financial Group LLC now owns 3,842 shares of the e-commerce company’s stock valued at $260,000 after purchasing an additional 612 shares during the period. 87.48% of the stock is currently owned by institutional investors.

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.