eBay (NASDAQ:EBAY - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.
Several other research analysts also recently issued reports on EBAY. Jefferies Financial Group downgraded shares of eBay from a "hold" rating to an "underperform" rating and dropped their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. UBS Group lifted their target price on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Citigroup upped their price target on eBay from $75.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.21.
Get Our Latest Stock Analysis on EBAY
eBay Stock Up 3.4 %
Shares of EBAY traded up $2.11 during trading hours on Wednesday, hitting $64.58. The company had a trading volume of 5,545,795 shares, compared to its average volume of 4,952,542. The stock has a market capitalization of $30.09 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 2.22 and a beta of 1.43. The firm has a fifty day moving average price of $66.50 and a 200-day moving average price of $64.92. eBay has a 52-week low of $48.52 and a 52-week high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.
Insiders Place Their Bets
In other eBay news, CEO Jamie Iannone sold 7,500 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at $39,153,665.80. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $3,111,432 over the last three months. 0.38% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On eBay
Several institutional investors and hedge funds have recently modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new position in eBay during the fourth quarter valued at $27,000. Orion Capital Management LLC bought a new position in shares of eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new position in shares of eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the fourth quarter worth about $33,000. Finally, Quarry LP purchased a new stake in shares of eBay in the third quarter worth about $36,000. Institutional investors own 87.48% of the company's stock.
eBay Company Profile
(
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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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