eBay (NASDAQ:EBAY) Price Target Raised to $57.00

eBay (NASDAQ:EBAY) had its target price increased by equities research analysts at Robert W. Baird from $50.00 to $57.00 in a 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 14.80% from the stock’s current price.

Several other research analysts also recently commented on the company. Mizuho increased their price objective on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday. Piper Sandler increased their price objective on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their price objective on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. The Goldman Sachs Group assumed coverage on eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective for the company. Finally, Susquehanna upped their target price on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.35.

eBay Price Performance

Shares of EBAY stock traded up $0.26 during trading hours on Thursday, hitting $49.65. 6,896,723 shares of the company’s stock were exchanged, compared to its average volume of 5,298,042. The company has a quick ratio of 2.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.96 and a beta of 1.31. The firm has a 50 day moving average of $50.70 and a two-hundred day moving average of $44.77. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $52.93.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts forecast that eBay will post 3.75 EPS for the current year.

eBay declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’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 transaction of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Tempus Wealth Planning LLC increased its position in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after acquiring an additional 254 shares during the last quarter. GHE LLC grew its holdings in shares of eBay by 1.5% during the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after purchasing an additional 260 shares during the last quarter. Savant Capital LLC grew its holdings in shares of eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after purchasing an additional 262 shares during the last quarter. Affinity Investment Advisors LLC grew its holdings in shares of eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after purchasing an additional 275 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of eBay by 10.5% during the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock valued at $130,000 after purchasing an additional 282 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

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.