eBay (NASDAQ:EBAY) Price Target Increased to $45.00 by Analysts at TD Cowen

eBay (NASDAQ:EBAY) had its price objective raised by equities research analysts at TD Cowen from $42.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the e-commerce company’s stock. TD Cowen’s price target suggests a potential downside of 9.37% from the company’s current price.

EBAY has been the subject of several other research reports. The Goldman Sachs Group initiated coverage on eBay in a research report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price objective for the company. Barclays increased their price objective on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial raised their price objective on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, February 29th. Robert W. Baird upped their target price on shares of eBay from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, UBS Group increased their price target on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.35.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.26 during trading on Thursday, reaching $49.65. The stock had a trading volume of 6,896,723 shares, compared to its average volume of 5,298,042. The stock has a fifty day simple moving average of $50.70 and a two-hundred day simple moving average of $44.77. The company has a quick ratio of 2.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay has a 52 week low of $37.17 and a 52 week high of $52.93. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.96 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. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. As a group, analysts anticipate that eBay will post 3.75 earnings per share for the current fiscal year.

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

Insider Buying and Selling at eBay

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. CVA Family Office LLC acquired a new position in eBay during the 4th quarter worth $25,000. Jones Financial Companies Lllp raised its position in shares of eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares during the last quarter. American National Bank lifted its stake in shares of eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. First Command Advisory Services Inc. bought a new position in eBay in the third quarter valued at about $46,000. Finally, Riverview Trust Co bought a new stake in eBay during the 1st quarter worth about $48,000. 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.