eBay (NASDAQ:EBAY) Raised to Buy at Daiwa Capital Markets

eBay (NASDAQ:EBAY) was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to a “buy” rating in a report issued on Monday,Briefing.com Automated Import reports. The firm currently has a $70.00 price target on the e-commerce company’s stock. Daiwa Capital Markets’ price target would indicate a potential upside of 0.70% from the company’s current price.

Several other equities research analysts have also issued reports on EBAY. Cantor Fitzgerald lifted their price target on shares of eBay from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Truist Financial raised their target price on shares of eBay from $62.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, UBS Group lifted their price target on eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $67.42.

eBay Stock Down 1.5%

Shares of eBay stock opened at $69.51 on Monday. The business has a fifty day simple moving average of $66.25 and a 200 day simple moving average of $65.22. The stock has a market cap of $32.04 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. 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 12 month low of $51.02 and a 12 month high of $71.61.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Research analysts predict that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $69.83, for a total value of $698,300.00. Following the completion of the sale, the chief executive officer now directly owns 570,754 shares of the company’s stock, valued at $39,855,751.82. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the firm’s 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 directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,685 shares of company stock valued at $4,121,245. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently made changes to their positions in EBAY. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in eBay by 12.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 863,273 shares of the e-commerce company’s stock worth $58,469,000 after acquiring an additional 98,398 shares during the period. Ontario Teachers Pension Plan Board bought a new position in eBay during the first quarter valued at $723,000. ASR Vermogensbeheer N.V. bought a new stake in eBay during the first quarter worth approximately $5,712,000. Citizens Financial Group Inc. RI raised its holdings in eBay by 41.7% during the 1st quarter. Citizens Financial Group Inc. RI now owns 166,953 shares of the e-commerce company’s stock valued at $11,308,000 after buying an additional 49,096 shares during the period. Finally, Hemington Wealth Management boosted its position in shares of eBay by 19.6% during the first quarter. Hemington Wealth Management now owns 1,618 shares of the e-commerce company’s stock valued at $109,000 after buying an additional 265 shares during the period. 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.