eBay (NASDAQ:EBAY) Given New $138.00 Price Target at Argus

eBay (NASDAQ:EBAY) had its price target hoisted by analysts at Argus from $133.00 to $138.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce company’s stock. Argus‘s price target would suggest a potential upside of 10.72% from the company’s previous close.

Several other equities research analysts also recently commented on EBAY. William Blair began coverage on shares of eBay in a research report on Thursday, October 29th. They set a “market perform” rating for the company. UBS Group raised shares of eBay from a “neutral” rating to a “buy” rating in a research report on Thursday, October 29th. Sanford C. Bernstein lifted their price target on eBay from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, October 29th. Citizens Jmp lowered eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Robert W. Baird set a $135.00 price objective on eBay in a research note on Thursday, October 29th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $123.52.

eBay Stock Down 0.4%

NASDAQ EBAY traded down $0.51 during mid-day trading on Thursday, hitting $124.64. The company’s stock had a trading volume of 353,286 shares, compared to its average volume of 4,849,443. The company’s 50 day simple moving average is $111.78 and its 200 day simple moving average is $104.26. eBay has a twelve month low of $78.03 and a twelve month high of $127.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $54.72 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.83 and a beta of 1.30.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Analysts anticipate that eBay will post 4.75 earnings per share for the current year.

Insider Transactions at eBay

In related news, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the completion of the sale, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at $24,228,884.52. The trade was a 4.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,234 shares of company stock worth $2,429,577 over the last three months. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Keybank National Association OH boosted its position in eBay by 5.9% in the third quarter. Keybank National Association OH now owns 19,358 shares of the e-commerce company’s stock worth $2,053,000 after purchasing an additional 1,078 shares during the last quarter. 71 West Capital Partners increased its position in shares of eBay by 7.4% during the 3rd quarter. 71 West Capital Partners now owns 5,059 shares of the e-commerce company’s stock valued at $537,000 after purchasing an additional 347 shares during the last quarter. AlphaCore Capital LLC increased its position in shares of eBay by 98.9% during the 3rd quarter. AlphaCore Capital LLC now owns 10,358 shares of the e-commerce company’s stock valued at $1,098,000 after purchasing an additional 5,150 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of eBay by 3.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 44,041 shares of the e-commerce company’s stock worth $4,664,000 after purchasing an additional 1,530 shares during the period. Finally, Hohimer Wealth Management LLC bought a new stake in shares of eBay during the 3rd quarter worth $6,191,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

About eBay

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.