JPMorgan Chase & Co. Has Lowered Expectations for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its price target trimmed by JPMorgan Chase & Co. from $60.00 to $58.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the e-commerce company’s stock.

EBAY has been the subject of a number of other reports. TD Cowen lifted their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Citigroup lifted their price objective on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America lowered their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.86.

eBay Trading Up 1.0 %

Shares of NASDAQ:EBAY traded up $0.60 during trading on Friday, hitting $58.11. 7,848,154 shares of the company’s stock were exchanged, compared to its average volume of 5,459,002. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market cap of $28.42 billion, a P/E ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32. The firm has a 50-day moving average price of $62.99 and a two-hundred day moving average price of $56.72. eBay has a 1-year low of $37.17 and a 1-year high of $67.80.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 19.68% and a return on equity of 30.15%. Equities analysts predict that eBay will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,391 shares of company stock worth $2,678,424. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Private Advisor Group LLC lifted its stake in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Van ECK Associates Corp lifted its holdings in eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after purchasing an additional 17,143 shares during the last quarter. Cetera Investment Advisers boosted its position in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares during the period. PGGM Investments increased its holdings in shares of eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after purchasing an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC raised its position in shares of eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after purchasing an additional 29,624 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.