eBay (NASDAQ:EBAY) Given New $75.00 Price Target at Citigroup

eBay (NASDAQ:EBAY) had its price target raised by research analysts at Citigroup from $68.00 to $75.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce company’s stock. Citigroup’s price target points to a potential upside of 20.44% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. TD Cowen upped their target price on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Barclays lowered their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, The Goldman Sachs Group raised their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average target price of $62.92.

eBay Stock Up 0.5 %

eBay stock opened at $62.27 on Friday. eBay has a 12 month low of $40.16 and a 12 month high of $67.80. The stock has a fifty day simple moving average of $62.73 and a two-hundred day simple moving average of $60.09. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.20 and a beta of 1.35.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,283 shares of company stock worth $1,738,975. 0.38% of the stock is currently owned by insiders.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Quarry LP purchased a new stake in shares of eBay in the third quarter valued at $36,000. USA Financial Formulas purchased a new stake in eBay in the 3rd quarter worth about $38,000. Northwest Investment Counselors LLC bought a new stake in eBay in the third quarter worth about $50,000. Versant Capital Management Inc boosted its position in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the period. Finally, Financial Management Professionals Inc. grew its stake in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 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.