eBay (NASDAQ:EBAY) Given New $45.00 Price Target at TD Cowen

eBay (NASDAQ:EBAY) had its price objective increased by analysts at TD Cowen from $42.00 to $45.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the e-commerce company’s stock. TD Cowen’s price objective would indicate a potential downside of 9.02% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Wells Fargo & Company lifted their price objective on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a research report on Thursday, April 18th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Benchmark restated a “buy” rating and set a $58.00 price target on shares of eBay in a research report on Thursday. Finally, Mizuho lifted their price target on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $51.35.

eBay Trading Down 3.1 %

Shares of EBAY stock traded down $1.60 during trading hours on Thursday, reaching $49.46. The company’s stock had a trading volume of 7,399,339 shares, compared to its average volume of 6,402,090. The stock has a market capitalization of $25.05 billion, a P/E ratio of 9.50, a P/E/G ratio of 2.05 and a beta of 1.31. eBay has a one year low of $37.17 and a one year high of $52.93. The firm’s fifty day simple moving average is $50.60 and its 200 day simple moving average is $44.74. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Equities research analysts expect that eBay will post 3.75 EPS for the current year.

eBay declared that its board has authorized a stock buyback program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows 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 of directors believes its shares are undervalued.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On eBay

Institutional investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC purchased a new position in eBay during the 4th quarter valued at approximately $1,767,000. Allspring Global Investments Holdings LLC lifted its stake in shares of eBay by 604.4% in 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. Commerzbank Aktiengesellschaft FI bought a new stake in shares of eBay in the 3rd quarter valued at approximately $798,000. Sapient Capital LLC bought a new stake in shares of eBay in the 4th quarter valued at approximately $955,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of eBay by 66.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 244,543 shares of the e-commerce company’s stock valued at $10,591,000 after purchasing an additional 97,906 shares during the last quarter. 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.