eBay (NASDAQ:EBAY) PT Raised to $58.00 at Deutsche Bank Aktiengesellschaft

eBay (NASDAQ:EBAY) had its target price upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $55.00 to $58.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 11.77% from the company’s previous close.

EBAY has been the subject of several other research reports. Truist Financial upped their price target on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. BMO Capital Markets upped their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Mizuho upped their price objective on shares of eBay from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Saturday, April 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $49.21.

eBay Stock Down 1.1 %

eBay stock opened at $51.89 on Wednesday. The company has a 50-day simple moving average of $48.24 and a 200-day simple moving average of $43.96. The firm has a market capitalization of $26.88 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.08 and a beta of 1.33. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. eBay has a one year low of $37.17 and a one year high of $52.93.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. As a group, equities analysts expect that eBay will post 3.69 earnings per share for the current year.

eBay declared that its board has approved a share repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of EBAY. American Century Companies Inc. grew its stake in shares of eBay by 9.5% in the first quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company’s stock worth $2,404,000 after acquiring an additional 3,655 shares during the last quarter. Raymond James Trust N.A. boosted its stake in eBay by 21.7% during the first quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company’s stock worth $526,000 after buying an additional 1,638 shares in the last quarter. Sei Investments Co. boosted its stake in eBay by 34.7% during the first quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company’s stock worth $26,460,000 after buying an additional 118,952 shares in the last quarter. Aviva PLC boosted its stake in eBay by 6.2% during the first quarter. Aviva PLC now owns 223,976 shares of the e-commerce company’s stock worth $12,825,000 after buying an additional 13,127 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in eBay by 17.0% during the first quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company’s stock worth $614,000 after buying an additional 1,555 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.