eBay (NASDAQ:EBAY) Price Target Raised to $50.00 at Truist Financial

eBay (NASDAQ:EBAY) had its price target increased by analysts at Truist Financial from $48.00 to $50.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the e-commerce company’s stock. Truist Financial’s price objective would indicate a potential downside of 0.14% from the stock’s previous close.

Several other research firms have also recently weighed in on EBAY. UBS Group lifted their target price on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Susquehanna lifted their target price on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Robert W. Baird boosted their target price on eBay from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.45.

eBay Stock Up 1.4 %

EBAY stock opened at $50.07 on Monday. eBay has a 12 month low of $37.17 and a 12 month high of $52.93. The firm has a market cap of $25.34 billion, a PE ratio of 9.97, a P/E/G ratio of 1.93 and a beta of 1.31. The firm has a 50 day simple moving average of $51.03 and a 200 day simple moving average of $44.98. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99.

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

eBay declared that its board has approved a share repurchase program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. CVA Family Office LLC bought a new stake in shares of eBay during the fourth quarter worth $25,000. Jones Financial Companies Lllp increased its holdings in eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares during the last quarter. American National Bank lifted its stake in eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the period. First Command Advisory Services Inc. acquired a new position in eBay in the third quarter valued at about $46,000. Finally, Riverview Trust Co bought a new position in eBay during the first quarter worth about $48,000. Institutional investors own 87.48% of the company’s stock.

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.