eBay (NASDAQ:EBAY) Price Target Raised to $74.00

eBay (NASDAQ:EBAY) had its price target upped by Morgan Stanley from $70.00 to $74.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the e-commerce company’s stock. Morgan Stanley’s price objective indicates a potential upside of 7.87% from the company’s current price.

EBAY has been the subject of several other reports. Wells Fargo & Company boosted their price target on eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday. Robert W. Baird upped their target price on shares of eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Finally, Susquehanna raised their target price on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $67.12.

eBay Stock Performance

NASDAQ:EBAY opened at $68.60 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $31.97 billion, a PE ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.43. eBay has a fifty-two week low of $49.25 and a fifty-two week high of $71.61. The company has a fifty day moving average of $65.83 and a two-hundred day moving average of $65.02.

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

Insider Activity at eBay

In other news, 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 sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,310 shares of company stock worth $3,121,626. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in eBay in the fourth quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay in the 4th quarter valued at $27,000. Abound Financial LLC acquired a new stake in shares of eBay in the 1st quarter valued at $29,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter worth $31,000. Finally, Itau Unibanco Holding S.A. purchased a new position in eBay in the fourth quarter valued at $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.