The price of EBay Inc. (NASDAQ:EBAY) shares last traded on Wall Street rose 1.21% to $52.80.
EBAY stock price is now 2.78% away from the 50-day moving average and 17.59% away from the 200-day moving average. The market capitalization of the company currently stands at $26.72B.
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With the price target enhanced from $35 to $962, Morgan Stanley Upgraded its rating from Underweight to Overweight for EBay Inc. (NASDAQ: EBAY). On April 18, 2024, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Overweight’ on the stock increasing its target price from $35 to quote $62, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Huber Marie Oh, SVP, General Counsel & Sec. sold 49,070 shares of the company’s stock on May 03 ’24. The stock was sold for $2,435,197 at an average price of $49.63. Upon completion of the transaction, the SVP, General Counsel & Sec. now directly owns 177,391 shares in the company, valued at $9.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, VP, Chief Accounting Officer SPENCER REBECCA sold 2,278 shares of the business’s stock. A total of $107,522 was realized by selling the stock at an average price of $47.20. This leaves the insider owning 3,815 shares of the company worth $0.2 million. A total of 0.31% of the company’s stock is owned by insiders.
During the past 12 months, EBay Inc. has had a low of $37.17 and a high of $53.03. As of last week, the company has a debt-to-equity ratio of 1.31, a current ratio of 1.99, and a quick ratio of 1.99. According to the stock market information, the enterprise value for the company is $26811799552, which is based on a 10.55 price-to-earnings ratio, a 1.33 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for EBAY is $51.41 and a two-hundred day moving average price translates $44.945 for the stock.
The latest earnings results from EBay Inc. (NASDAQ: EBAY) was released for 2024-03-31. The net profit margin was 26.01% and return on equity was 45.37% for EBAY. The company reported revenue of $2.56 billion for the quarter, compared to $2.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.83 percent.
