eBay (NASDAQ:EBAY) Rating Reiterated by Cantor Fitzgerald

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating restated by stock analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $62.00 target price on the e-commerce company’s stock. Cantor Fitzgerald’s price objective indicates a potential downside of 5.82% from the company’s previous close.

A number of other equities analysts also recently commented on EBAY. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Evercore ISI boosted their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Benchmark boosted their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler reiterated an “overweight” rating and issued a $64.00 target price (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.29.

eBay Stock Performance

EBAY stock opened at $65.83 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average price of $59.04 and a 200 day moving average price of $54.74. The company has a market capitalization of $33.05 billion, a P/E ratio of 13.11, a PEG ratio of 2.45 and a beta of 1.32. eBay has a 1-year low of $37.17 and a 1-year high of $66.10.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, equities research analysts forecast that eBay will post 3.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC raised its stake in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC acquired a new position in eBay in the 1st quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new position in eBay in the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in eBay in the 1st quarter valued at $30,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.