eBay (NASDAQ:EBAY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

eBay (NASDAQ:EBAY) had its price objective upped by equities research analysts at BMO Capital Markets from $59.00 to $63.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the e-commerce company’s stock. BMO Capital Markets’ target price indicates a potential downside of 2.69% from the company’s current price.

Several other research firms have also recently weighed in on EBAY. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Tuesday, November 5th. Citigroup raised their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Piper Sandler boosted their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wedbush initiated coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $65.33.

eBay Stock Up 2.0 %

EBAY opened at $64.74 on Thursday. The company has a market capitalization of $31.01 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The firm has a 50-day simple moving average of $66.22 and a two-hundred day simple moving average of $63.73. 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 has a 52 week low of $47.06 and a 52 week high of $71.61.

Insider Activity

In related news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of eBay by 2.0% during the fourth 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 in the last quarter. Kestra Investment Management LLC increased its holdings in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after purchasing an additional 7,074 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of eBay in the 3rd quarter worth $1,307,000. Prospera Financial Services Inc raised its stake in eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of 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 buying an additional 139,315 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.