Cantor Fitzgerald Boosts eBay (NASDAQ:EBAY) Price Target to $70.00

eBay (NASDAQ:EBAY) had its target price upped by equities research analysts at Cantor Fitzgerald from $65.00 to $70.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the e-commerce company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 9.55% from the stock’s current price.

Several other analysts also recently weighed in on the company. UBS Group upped their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company lifted their price target on eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research report on Thursday. Benchmark lifted their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Finally, BMO Capital Markets upped their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.33.

eBay Stock Down 7.6 %

NASDAQ EBAY traded down $5.24 during trading hours on Thursday, reaching $63.90. 7,205,407 shares of the company’s stock traded hands, compared to its average volume of 4,977,354. The firm has a market cap of $30.61 billion, a PE ratio of 16.02, a PEG ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a 52-week low of $46.53 and a 52-week high of $71.61. The firm has a 50-day simple moving average of $66.24 and a 200 day simple moving average of $63.67.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 in the last ninety days. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently made changes to their positions in EBAY. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter valued at about $27,000. Orion Capital Management LLC acquired a new position in shares of eBay during the fourth quarter valued at approximately $27,000. Pinney & Scofield Inc. acquired a new position in eBay in the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay in the 4th quarter valued at $33,000. Finally, Quarry LP acquired a new stake in eBay during the 3rd quarter worth $36,000. 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.