eBay Inc. (NASDAQ:EBAY) Given Average Recommendation of “Hold” by Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been given an average rating of “Hold” by the twenty-four ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $62.23.

A number of equities research analysts recently issued reports on EBAY shares. Stifel Nicolaus lifted their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday. Bank of America lifted their target price on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Robert W. Baird lifted their target price on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Morgan Stanley lifted their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Piper Sandler reissued an “overweight” rating and issued a $64.00 target price (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock worth $2,678,424 in the last ninety days. 0.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its holdings in eBay by 1.3% in the 3rd quarter. Stephens Inc. AR now owns 91,424 shares of the e-commerce company’s stock valued at $5,953,000 after acquiring an additional 1,188 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in eBay in the 3rd quarter valued at $226,000. First Trust Direct Indexing L.P. raised its holdings in eBay by 33.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 24,424 shares of the e-commerce company’s stock valued at $1,590,000 after acquiring an additional 6,103 shares in the last quarter. Boston Financial Mangement LLC acquired a new position in shares of eBay during the 3rd quarter worth $223,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of eBay by 9.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 321,112 shares of the e-commerce company’s stock worth $20,908,000 after buying an additional 28,603 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Down 0.2 %

NASDAQ EBAY opened at $62.99 on Tuesday. The firm has a market cap of $31.62 billion, a P/E ratio of 12.55, a P/E/G ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $62.84 and its 200-day moving average is $56.55. eBay has a one year low of $37.17 and a one year high of $67.80.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Sell-side analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

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.