StockNews.com Upgrades eBay (NASDAQ:EBAY) to “Buy”

eBay (NASDAQ:EBAY) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday. Cantor Fitzgerald boosted their price objective on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus cut their price objective on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.33.

eBay Trading Up 2.0 %

Shares of NASDAQ EBAY opened at $64.74 on Friday. The company’s fifty day moving average is $66.22 and its 200-day moving average is $63.78. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. eBay has a twelve month low of $48.04 and a twelve month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP boosted its holdings in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the period. Nordea Investment Management AB lifted its holdings in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock worth $435,665,000 after acquiring an additional 245,624 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of eBay by 17.8% during the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company’s stock worth $421,834,000 after acquiring an additional 1,030,292 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Company Profile

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.