Deutsche Bank Increases eBay (NASDAQ:EBAY) Price Target to $46.00

eBay (NASDAQ:EBAY) had its price target upped by research analysts at Deutsche Bank from $42.00 to $46.00 in a report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank’s price target would indicate a potential upside of 14.40% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus set a $113.00 target price on shares of Neurocrine Biosciences and gave the stock a “buy” rating in a research report on Monday, July 15th. UBS Group raised their target price on shares of W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Aegis reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of eBay in a research report on Thursday. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Barclays reduced their target price on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.37.

eBay stock opened at $40.21 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48. eBay has a 1-year low of $26.01 and a 1-year high of $42.00. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.91 and a beta of 1.35. The stock has a 50-day moving average price of $38.96.

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 Zacks’ consensus estimate of $0.49 by $0.19. eBay had a net margin of 22.12% and a return on equity of 33.64%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts predict that eBay will post 2.16 EPS for the current year.

In related news, CFO Scott F. Schenkel sold 89,707 shares of eBay stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the transaction, the chief financial officer now directly owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Devin Wenig sold 10,000 shares of eBay stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $39.75, for a total transaction of $397,500.00. Following the transaction, the chief executive officer now directly owns 1,039,610 shares in the company, valued at $41,324,497.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,199 shares of company stock worth $7,176,017. 6.22% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB increased its holdings in eBay by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 19,769,574 shares of the e-commerce company’s stock valued at $554,934,000 after buying an additional 1,886,068 shares during the period. Boston Partners boosted its stake in eBay by 73.8% in the first quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after acquiring an additional 7,015,365 shares in the last quarter. FMR LLC boosted its stake in eBay by 89.2% in the first quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after acquiring an additional 7,108,999 shares in the last quarter. Geode Capital Management LLC boosted its stake in eBay by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock valued at $350,041,000 after acquiring an additional 801,529 shares in the last quarter. Finally, FIL Ltd boosted its stake in eBay by 12.7% in the first quarter. FIL Ltd now owns 9,150,615 shares of the e-commerce company’s stock valued at $339,854,000 after acquiring an additional 1,030,271 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors.

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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