Benchmark Raises eBay (NASDAQ:EBAY) Price Target to $75.00

eBay (NASDAQ:EBAY) had its price target upped by stock analysts at Benchmark from $65.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the e-commerce company’s stock. Benchmark’s price target indicates a potential upside of 15.85% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research note on Thursday. Wells Fargo & Company upped their price target on eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial increased their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.33.

eBay Stock Performance

Shares of EBAY stock opened at $64.74 on Thursday. 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 firm has a market cap of $31.01 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. eBay has a 52 week low of $47.06 and a 52 week high of $71.61. The firm’s 50-day simple moving average is $66.22 and its two-hundred day simple moving average is $63.73.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last 90 days. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of large investors have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. bought a new position in eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay in the 4th quarter worth approximately $33,000. Finally, Quarry LP bought a new stake in eBay in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors 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.