eBay (NASDAQ:EBAY) Upgraded to Outperform at Sanford C. Bernstein

eBay (NASDAQ:EBAY) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, FinViz reports. The firm presently has a $70.00 price objective on the e-commerce company’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 16.22% from the stock’s previous close.

EBAY has been the subject of several other research reports. Stifel Nicolaus increased their price objective on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Wells Fargo & Company cut their price objective on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their price target on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Benchmark reaffirmed a “buy” rating and issued a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.22.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $60.23 on Tuesday. The firm’s fifty day moving average is $63.01 and its two-hundred day moving average is $56.89. eBay has a 52-week low of $37.17 and a 52-week high of $67.80. The company has a market cap of $28.85 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.90 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the company’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 owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock worth $2,678,424 over the last quarter. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares in the last quarter. Optas LLC increased its holdings in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares during the last quarter. Davis Investment Partners LLC raised its stake in eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares in the last quarter. Arvest Investments Inc. lifted its holdings in eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after buying an additional 183 shares during the last quarter. Finally, Quent Capital LLC boosted its position in shares of eBay by 6.8% during the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds 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.