eBay (NASDAQ:EBAY) Price Target Increased to $65.00 by Analysts at Barclays

eBay (NASDAQ:EBAY) had its target price boosted by research analysts at Barclays from $61.00 to $65.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce company’s stock. Barclays‘s price target suggests a potential upside of 31.37% from the company’s current price.

Several other research analysts have also recently issued reports on EBAY. UBS Group increased their price target on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Morgan Stanley upgraded shares of eBay from an “underweight” rating to an “overweight” rating in a research report on Thursday, April 18th. BMO Capital Markets boosted their price target on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Piper Sandler upped their price target on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird raised their price objective on shares of eBay from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $50.16.

eBay Stock Performance

Shares of eBay stock traded down $1.58 during trading on Thursday, hitting $49.48. 4,604,217 shares of the stock were exchanged, compared to its average volume of 6,363,495. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. eBay has a 12 month low of $37.17 and a 12 month high of $52.93. The stock’s fifty day moving average is $50.60 and its 200 day moving average is $44.74. The stock has a market cap of $25.06 billion, a PE ratio of 9.48, a P/E/G ratio of 2.05 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business posted $0.87 EPS. eBay’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that eBay will post 3.75 EPS for the current year.

eBay declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

Institutional Trading of eBay

Several institutional investors have recently made changes to their positions in EBAY. Fidelis Capital Partners LLC acquired a new stake in shares of eBay during the 1st quarter valued at $183,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of eBay by 12.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,684 shares of the e-commerce company’s stock worth $722,000 after acquiring an additional 1,467 shares in the last quarter. Fortem Financial Group LLC raised its holdings in shares of eBay by 10.9% during the first quarter. Fortem Financial Group LLC now owns 9,383 shares of the e-commerce company’s stock worth $495,000 after acquiring an additional 923 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in eBay by 10.3% during the first quarter. Janney Montgomery Scott LLC now owns 56,378 shares of the e-commerce company’s stock valued at $2,976,000 after purchasing an additional 5,277 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in eBay by 51.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 578,357 shares of the e-commerce company’s stock worth $30,526,000 after purchasing an additional 196,324 shares during the last quarter. 87.48% of the stock is currently 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.