Cantor Fitzgerald Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY) had its price target upped by research analysts at Cantor Fitzgerald from $65.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the e-commerce company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 9.55% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Robert W. Baird decreased their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Tuesday, November 5th. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley boosted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.33.

eBay Price Performance

Shares of NASDAQ:EBAY traded down $5.24 during trading on Thursday, reaching $63.90. 7,205,407 shares of the company traded hands, compared to its average volume of 4,977,354. The company’s 50 day moving average is $66.24 and its two-hundred day moving average is $63.67. The firm has a market capitalization of $30.61 billion, a PE ratio of 16.02, a PEG ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 52 week low of $46.53 and a 52 week high of $71.61.

Insider Transactions at eBay

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

Institutional Trading of eBay

Several large investors have recently added to or reduced their stakes in EBAY. Integrated Advisors Network LLC purchased a new stake in shares of eBay in the 4th quarter worth about $210,000. Ameriflex Group Inc. purchased a new stake in eBay in the fourth quarter worth about $38,000. Ascent Group LLC boosted its position in eBay by 8.2% during the 4th quarter. Ascent Group LLC now owns 13,450 shares of the e-commerce company’s stock valued at $833,000 after acquiring an additional 1,024 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of eBay by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 105,665 shares of the e-commerce company’s stock worth $6,546,000 after acquiring an additional 15,639 shares during the period. Finally, Forum Financial Management LP raised its position in shares of eBay by 43.2% in the 4th quarter. Forum Financial Management LP now owns 4,680 shares of the e-commerce company’s stock worth $290,000 after acquiring an additional 1,411 shares in the last quarter. 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.