eBay (NASDAQ:EBAY) Price Target Raised to $64.00 at Deutsche Bank Aktiengesellschaft

eBay (NASDAQ:EBAY) had its price objective increased by analysts at Deutsche Bank Aktiengesellschaft from $60.00 to $64.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 13.13% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Benchmark reissued a “buy” rating and issued a $58.00 price target on shares of eBay in a report on Monday, June 17th. TD Cowen raised their target price on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird boosted their price target on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, Wolfe Research initiated coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $55.45.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $0.96 during trading on Thursday, reaching $56.57. 5,070,254 shares of the stock traded hands, compared to its average volume of 5,727,770. The company has a 50-day moving average of $53.62 and a 200-day moving average of $50.03. eBay has a 52-week low of $37.17 and a 52-week high of $57.68. The stock has a market capitalization of $28.40 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31. 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 issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Analysts forecast that eBay will post 3.73 EPS for the current fiscal year.

Insider Activity

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC bought a new position in shares of eBay during the 4th quarter worth approximately $1,767,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after purchasing an additional 541,384 shares during the last quarter. Savant Capital LLC boosted its position in shares of eBay by 2.3% in the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after purchasing an additional 17,143 shares in the last quarter. Finally, Raymond James & Associates increased its position in eBay by 6.9% during the 1st quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock valued at $46,124,000 after buying an additional 56,148 shares in the last quarter. Hedge funds and other 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.