eBay (EBAY) PT Set at $47.00 by Deutsche Bank

eBay (NASDAQ:EBAY) has been assigned a $47.00 price objective by equities researchers at Deutsche Bank in a report released on Tuesday. The firm currently has a “buy” rating on the e-commerce company’s stock. Deutsche Bank’s price target suggests a potential upside of 15.20% from the company’s previous close.

A number of other equities analysts have also commented on EBAY. Credit Suisse Group raised their price objective on eBay from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. KeyCorp reaffirmed a “hold” rating on shares of eBay in a report on Wednesday, October 11th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 target price on shares of eBay in a report on Wednesday, October 18th. Stifel Nicolaus set a $37.00 target price on eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. set a $38.00 target price on eBay and gave the company a “neutral” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.65.

eBay (EBAY) opened at $40.80 on Tuesday. eBay has a 52 week low of $31.53 and a 52 week high of $41.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market capitalization of $42,712.51, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 2.85 and a beta of 1.32.

In related news, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the transaction, the vice president now directly owns 23,392 shares of the company’s stock, valued at approximately $836,264. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at $2,644,803.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,419 shares of company stock worth $1,512,740. 6.78% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in EBAY. BB&T Investment Services Inc. bought a new position in eBay during the 2nd quarter worth $119,000. Valeo Financial Advisors LLC bought a new position in eBay during the 3rd quarter worth $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in eBay during the 2nd quarter worth $123,000. Westside Investment Management Inc. raised its position in eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 60 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in eBay during the 3rd quarter worth $139,000. 85.95% of the stock is owned by institutional investors and hedge funds.

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eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.