eBay (NASDAQ:EBAY) Price Target Increased to $48.00 by Analysts at Citigroup

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eBay (NASDAQ:EBAY) had its target price raised by stock analysts at Citigroup from $40.00 to $48.00 in a report issued on Monday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the e-commerce company’s stock. Citigroup‘s target price would indicate a potential upside of 19.20% from the company’s previous close.

A number of other analysts also recently commented on the stock. Raymond James boosted their price target on shares of eBay from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. DA Davidson raised their price objective on shares of eBay to $47.00 and gave the company a “reduce” rating in a research note on Thursday, July 18th. KeyCorp raised their price objective on shares of eBay from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. SunTrust Banks reissued a “hold” rating and set a $36.00 target price on shares of eBay in a report on Tuesday, July 16th. Finally, UBS Group downgraded eBay from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $41.52.

Shares of EBAY opened at $40.27 on Monday. eBay has a one year low of $26.01 and a one year high of $42.00. The stock’s fifty day moving average is $40.29 and its 200-day moving average is $38.36. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $33.78 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.19. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts forecast that eBay will post 2.23 EPS for the current fiscal year.

In related news, Director Matthew J. Murphy bought 6,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $38.79 per share, with a total value of $232,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Devin Wenig sold 149,563 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $41.49, for a total value of $6,205,368.87. Following the sale, the chief executive officer now directly owns 1,034,592 shares of the company’s stock, valued at $42,925,222.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,942 shares of company stock valued at $10,060,557. Corporate insiders own 5.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of eBay by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,415,911 shares of the e-commerce company’s stock valued at $95,893,000 after acquiring an additional 61,280 shares during the period. Geode Capital Management LLC boosted its stake in eBay by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock worth $350,041,000 after purchasing an additional 801,529 shares during the period. SG Americas Securities LLC grew its position in eBay by 101.6% during the 1st quarter. SG Americas Securities LLC now owns 20,058 shares of the e-commerce company’s stock worth $745,000 after purchasing an additional 1,247,789 shares in the last quarter. Janney Montgomery Scott LLC grew its position in eBay by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,053 shares of the e-commerce company’s stock worth $1,748,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in eBay by 10.0% during the 1st quarter. Parallel Advisors LLC now owns 3,021 shares of the e-commerce company’s stock valued at $112,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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