eBay (NASDAQ:EBAY) Price Target Raised to $36.00

eBay (NASDAQ:EBAY) had its target price boosted by analysts at Morgan Stanley from $34.50 to $36.00 in a report released on Monday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the e-commerce company’s stock. Morgan Stanley’s price target points to a potential downside of 9.82% from the company’s previous close.

Several other analysts have also weighed in on EBAY. Robert W. Baird decreased their price objective on Waters from $211.00 to $209.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. BMO Capital Markets lifted their price objective on Inflarx to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Barclays decreased their price objective on Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. eBay presently has an average rating of “Hold” and a consensus target price of $39.96.

EBAY opened at $39.92 on Monday. The firm has a market cap of $34.91 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.97 and a beta of 1.35. The firm has a 50 day simple moving average of $38.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48. eBay has a 12-month low of $26.01 and a 12-month high of $40.55.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.58 billion. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. As a group, equities research analysts expect that eBay will post 2.15 EPS for the current year.

In related news, SVP Kristin A. Yetto sold 25,156 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $37.41, for a total value of $941,085.96. Following the sale, the senior vice president now owns 74,547 shares of the company’s stock, valued at approximately $2,788,803.27. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 14,237 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total value of $541,860.22. Following the completion of the sale, the vice president now directly owns 37,340 shares in the company, valued at approximately $1,421,160.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,199 shares of company stock worth $7,176,017. 5.60% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in eBay in the 1st quarter valued at $25,000. Paragon Capital Management LLC bought a new position in eBay in the 1st quarter valued at $28,000. Cable Hill Partners LLC raised its position in eBay by 64.6% in the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Brand Asset Management Group Inc. raised its position in eBay by 69.6% in the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 355 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in eBay in the 1st quarter valued at $32,000. 86.32% of the stock is currently owned by institutional investors and hedge funds.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Analyst Recommendations for eBay (NASDAQ:EBAY)

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