Morgan Stanley Has Lowered Expectations for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY - Get Free Report) had its price objective lowered by research analysts at Morgan Stanley from $71.00 to $70.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the e-commerce company's stock. Morgan Stanley's target price indicates a potential upside of 6.66% from the stock's previous close.

EBAY has been the topic of a number of other research reports. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Bank of America cut their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. BMO Capital Markets increased their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on eBay and gave the company an "overweight" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, eBay has an average rating of "Hold" and a consensus price target of $65.13.

eBay Stock Performance

EBAY stock traded down $0.63 during midday trading on Thursday, reaching $65.63. The stock had a trading volume of 5,043,351 shares, compared to its average volume of 4,951,810. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a fifty day simple moving average of $66.30 and a two-hundred day simple moving average of $64.96. The stock has a market cap of $30.58 billion, a PE ratio of 16.49, a P/E/G ratio of 2.22 and a beta of 1.43. eBay has a 52-week low of $48.52 and a 52-week high of $71.61.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was 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 $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock valued at $3,121,626 in the last 90 days. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after acquiring an additional 3,149,934 shares during the period. Independent Franchise Partners LLP raised its position in eBay by 25.6% in the fourth 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 stake in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock worth $573,220,000 after purchasing an additional 335,035 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of eBay by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after buying an additional 1,030,292 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.