eBay Inc. (NASDAQ:EBAY) Receives Average Recommendation of “Hold” from Analysts

Shares of eBay Inc. (NASDAQ:EBAY) have been assigned an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $62.92.

Several brokerages have weighed in on EBAY. Mizuho lifted their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Bank of America dropped their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th.

eBay Stock Up 0.7 %

EBAY opened at $67.39 on Thursday. The stock has a fifty day moving average of $64.54 and a 200-day moving average of $62.14. The company has a market capitalization of $32.28 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.15 and a beta of 1.35. eBay has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in eBay in the second quarter valued at $1,580,000. Czech National Bank raised its position in shares of eBay by 3.3% in the 3rd quarter. Czech National Bank now owns 99,614 shares of the e-commerce company’s stock worth $6,486,000 after acquiring an additional 3,190 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of eBay by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,265 shares of the e-commerce company’s stock valued at $603,000 after purchasing an additional 3,248 shares during the period. City Center Advisors LLC bought a new stake in shares of eBay during the 3rd quarter valued at about $223,000. Finally, Atomi Financial Group Inc. grew its stake in eBay by 58.4% during the third quarter. Atomi Financial Group Inc. now owns 6,065 shares of the e-commerce company’s stock worth $395,000 after purchasing an additional 2,236 shares during the period. 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.