eBay (NASDAQ:EBAY) Price Target Raised to $60.00

eBay (NASDAQ:EBAY) had its price objective upped by JPMorgan Chase & Co. from $58.00 to $60.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 13.22% from the company’s previous close.

EBAY has been the subject of several other research reports. Bank of America decreased their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday. Piper Sandler increased their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. UBS Group boosted their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Finally, Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.21.

eBay Stock Performance

Shares of eBay stock opened at $69.14 on Thursday. eBay has a one year low of $46.53 and a one year high of $71.61. The company has a market capitalization of $33.12 billion, a PE ratio of 17.37, a P/E/G ratio of 2.22 and a beta of 1.35. 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 company has a 50-day simple moving average of $66.24 and a two-hundred day simple moving average of $63.67.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently added to or reduced their stakes in EBAY. Smithfield Trust Co grew its position in shares of eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after purchasing an additional 153 shares during the period. Cypress Wealth Services LLC raised its holdings in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after acquiring an additional 157 shares during the last quarter. IFP Advisors Inc lifted its position in shares of eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after acquiring an additional 163 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its position in shares of eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.