eBay (NASDAQ:EBAY) Given Neutral Rating at Cantor Fitzgerald

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reissued by equities research analysts at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They presently have a $62.00 price target on the e-commerce company’s stock. Cantor Fitzgerald’s price target suggests a potential downside of 5.82% from the company’s current price.

A number of other analysts also recently issued reports on EBAY. Robert W. Baird raised their target price on eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company cut their target price on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Susquehanna raised their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley raised their target price on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Bank of America increased their price target on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $57.29.

eBay Stock Up 1.1 %

NASDAQ EBAY opened at $65.83 on Monday. The business has a fifty day moving average price of $59.04 and a 200 day moving average price of $54.74. eBay has a one year low of $37.17 and a one year high of $66.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $33.05 billion, a P/E ratio of 13.11, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. Research analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. raised its position in eBay by 35.7% in the 2nd quarter. Centaurus Financial Inc. now owns 7,434 shares of the e-commerce company’s stock valued at $399,000 after purchasing an additional 1,955 shares in the last quarter. Clifford Capital Partners LLC raised its position in shares of eBay by 21.3% during the 2nd quarter. Clifford Capital Partners LLC now owns 320,832 shares of the e-commerce company’s stock worth $17,235,000 after acquiring an additional 56,254 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of eBay during the 2nd quarter worth about $1,580,000. Cetera Investment Advisers raised its position in shares of eBay by 83.5% during the 2nd quarter. Cetera Investment Advisers now owns 145,247 shares of the e-commerce company’s stock worth $7,803,000 after acquiring an additional 66,096 shares in the last quarter. Finally, Truist Financial Corp raised its position in shares of eBay by 45.4% during the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock worth $58,555,000 after acquiring an additional 340,120 shares in the last quarter. 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.