eBay (NASDAQ:EBAY) Given New $63.00 Price Target at Deutsche Bank Aktiengesellschaft

eBay (NASDAQ:EBAY) had its target price cut by stock analysts at Deutsche Bank Aktiengesellschaft from $70.00 to $63.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.77% from the stock’s previous close.

EBAY has been the topic of several other reports. Barclays reduced their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday. The Goldman Sachs Group upped their target price on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Finally, TD Cowen raised their price objective on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $61.86.

eBay Stock Up 0.7 %

Shares of EBAY traded up $0.41 during mid-day trading on Friday, hitting $57.92. 3,862,832 shares of the company’s stock were exchanged, compared to its average volume of 5,440,205. The stock’s 50-day moving average is $63.00 and its 200-day moving average is $56.67. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.95 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released 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 net margin of 19.68% and a return on equity of 30.15%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. On average, sell-side analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,391 shares of company stock valued at $2,678,424. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norden Group LLC purchased a new stake in shares of eBay in the first quarter valued at $318,000. First Trust Direct Indexing L.P. boosted its stake in eBay by 12.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 14,668 shares of the e-commerce company’s stock worth $774,000 after buying an additional 1,606 shares during the last quarter. Van ECK Associates Corp grew its holdings in eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the period. Private Advisor Group LLC grew its holdings in eBay by 5.3% in the 1st quarter. Private Advisor Group LLC now owns 20,886 shares of the e-commerce company’s stock valued at $1,102,000 after buying an additional 1,054 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of eBay by 51.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 578,357 shares of the e-commerce company’s stock worth $30,526,000 after acquiring an additional 196,324 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.