eBay (NASDAQ:EBAY) Price Target Raised to $72.00 at Morgan Stanley

eBay (NASDAQ:EBAY) had its price target raised by analysts at Morgan Stanley from $70.00 to $72.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the e-commerce company’s stock. Morgan Stanley’s target price points to a potential upside of 11.78% from the company’s previous close.

A number of other brokerages have also weighed in on EBAY. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Citigroup raised their target price on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. TD Cowen boosted their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Barclays lowered their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.83.

eBay Stock Performance

NASDAQ:EBAY opened at $64.41 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 $30.85 billion, a PE ratio of 16.18, a P/E/G ratio of 2.22 and a beta of 1.35. eBay has a fifty-two week low of $40.16 and a fifty-two week high of $71.52. The company has a fifty day moving average of $63.40 and a two-hundred day moving average of $60.82.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,116 shares of company stock worth $1,637,705 over the last three months. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Nordea Investment Management AB grew its holdings in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares in the last quarter. Pacer Advisors Inc. increased its stake in eBay by 11.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company’s stock worth $353,133,000 after buying an additional 679,528 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in eBay by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after buying an additional 216,162 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other 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.