In yesterday’s Wall Street session, EBay Inc. (NASDAQ:EBAY) shares traded at $51.18, down -0.14% from the previous session.
EBAY stock price is now 3.71% away from the 50-day moving average and 15.23% away from the 200-day moving average. The market capitalization of the company currently stands at $26.51B.
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, SPENCER REBECCA, VP, Chief Accounting Officer sold 2,278 shares of the company’s stock on Mar 01 ’24. The stock was sold for $107,522 at an average price of $47.20. Upon completion of the transaction, the VP, Chief Accounting Officer now directly owns 3,815 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, SVP, Chief Product Officer Garcia Edward O sold 1,165 shares of the business’s stock. A total of $50,130 was realized by selling the stock at an average price of $43.03. This leaves the insider owning 31,888 shares of the company worth $1.63 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 $52.93. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 2.44, and a quick ratio of 2.44.
The net profit margin was 27.52% and return on equity was 48.06% 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 2.07 percent.
