Robert W. Baird Lowers eBay (NASDAQ:EBAY) Price Target to $68.00

eBay (NASDAQ:EBAY) had its price objective decreased by analysts at Robert W. Baird from $70.00 to $68.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the e-commerce company’s stock. Robert W. Baird’s price target would indicate a potential upside of 17.02% from the company’s current price.

Several other analysts also recently issued reports on the company. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Truist Financial upped their price objective on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Susquehanna upped their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, UBS Group increased their target price on eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.86.

eBay Stock Up 1.0 %

eBay stock opened at $58.11 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.32. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The stock’s fifty day moving average is $62.99 and its two-hundred day moving average is $56.72.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 30.15% and a net margin of 19.68%. Analysts predict that eBay will post 3.86 EPS for the current fiscal year.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in eBay during the 3rd quarter valued at approximately $291,000. Atria Investments Inc grew its stake in eBay by 1.5% during the 3rd quarter. Atria Investments Inc now owns 73,188 shares of the e-commerce company’s stock valued at $4,765,000 after purchasing an additional 1,066 shares in the last quarter. TCTC Holdings LLC lifted its holdings in eBay by 0.6% during the 3rd quarter. TCTC Holdings LLC now owns 72,779 shares of the e-commerce company’s stock worth $4,739,000 after buying an additional 409 shares during the last quarter. Assetmark Inc. lifted its holdings in eBay by 10.5% during the 3rd quarter. Assetmark Inc. now owns 18,311 shares of the e-commerce company’s stock worth $1,192,000 after buying an additional 1,733 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in eBay by 10.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,247 shares of the e-commerce company’s stock worth $732,000 after buying an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.