eBay (NASDAQ:EBAY - Free Report) had its price objective boosted by Citigroup from $75.00 to $80.00 in a research note released on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the e-commerce company's stock.
A number of other research analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Jefferies Financial Group downgraded shares of eBay from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on eBay from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.13.
Check Out Our Latest Analysis on EBAY
eBay Stock Performance
NASDAQ EBAY traded down $0.08 on Friday, hitting $69.82. 3,784,117 shares of the company traded hands, compared to its average volume of 4,420,698. The business's 50 day moving average price is $65.40 and its 200-day moving average price is $63.03. eBay has a 52-week low of $42.97 and a 52-week high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $33.44 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 2.15 and a beta of 1.35.
Insider Activity at eBay
In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $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 have sold 27,149 shares of company stock worth $1,746,065. Company insiders own 0.38% of the company's stock.
Institutional Trading of eBay
A number of large investors have recently made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Itau Unibanco Holding S.A. bought a new stake in eBay during the 4th quarter valued at $33,000. Quarry LP purchased a new stake in shares of eBay in the 3rd quarter worth $36,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of eBay during the 4th quarter worth $36,000. 87.48% of the stock is owned by hedge funds and other institutional investors.
About eBay
(
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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.
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