Morgan Stanley Boosts eBay (NASDAQ:EBAY) Price Target to $74.00

eBay (NASDAQ:EBAY) had its price target upped by investment analysts at Morgan Stanley from $70.00 to $74.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the e-commerce company’s stock. Morgan Stanley’s price objective suggests a potential upside of 7.87% from the stock’s current price.

EBAY has been the subject of several other reports. Cantor Fitzgerald lifted their price objective on eBay from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of eBay from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup dropped their price objective on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus boosted their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.12.

eBay Trading Up 1.4 %

EBAY stock opened at $68.60 on Thursday. eBay has a 12 month low of $49.25 and a 12 month high of $71.61. The firm’s 50-day moving average is $65.83 and its 200 day moving average is $65.02. The company has a market capitalization of $31.97 billion, a PE ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,310 shares of company stock worth $3,121,626. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

Hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new stake in eBay during the fourth quarter worth $27,000. Abound Financial LLC acquired a new stake in eBay during the first quarter valued at $29,000. Pinney & Scofield Inc. purchased a new position in eBay in the fourth quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the fourth quarter worth about $33,000. 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.