eBay (NASDAQ:EBAY) Rating Increased to Buy at Daiwa Capital Markets

eBay (NASDAQ:EBAY) was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to a “buy” rating in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a $70.00 price objective on the e-commerce company’s stock. Daiwa Capital Markets’ price target points to a potential upside of 0.70% from the stock’s previous close.

Several other brokerages also recently weighed in on EBAY. UBS Group raised their price target on eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Finally, Bank of America cut their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.42.

eBay Price Performance

Shares of EBAY opened at $69.51 on Monday. 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 $32.04 billion, a PE ratio of 17.46, a PEG ratio of 2.22 and a beta of 1.30. The company has a 50 day moving average price of $66.25 and a 200-day moving average price of $65.22. eBay has a fifty-two week low of $51.02 and a fifty-two week high of $71.61.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS 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 analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $1.25 EPS. eBay’s revenue was up 1.1% on a year-over-year basis. 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 eBay news, 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 transaction of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares of the company’s stock, valued at $39,153,665.80. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Thursday, April 17th. The stock was 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 of the company’s stock, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,685 shares of company stock valued at $4,121,245. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Kestra Investment Management LLC boosted its position in eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the last quarter. Van ECK Associates Corp grew its stake in eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after acquiring an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in eBay in the 4th quarter valued at about $8,644,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.