eBay (NASDAQ:EBAY) Price Target Lowered to $71.00 at Bank of America

eBay (NASDAQ:EBAY) had its price objective lowered by investment analysts at Bank of America from $72.00 to $71.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. Bank of America‘s price target indicates a potential upside of 2.69% from the stock’s previous close.

EBAY has been the topic of a number of other research reports. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. UBS Group increased their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. Robert W. Baird lowered their target price on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a research note on Thursday. Finally, Mizuho increased their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.21.

eBay Price Performance

NASDAQ:EBAY opened at $69.14 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $66.24 and its two-hundred day moving average price is $63.67. The firm has a market capitalization of $33.12 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 2.22 and a beta of 1.35. eBay has a 12-month low of $46.53 and a 12-month high of $71.61.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several hedge funds have recently modified their holdings of the company. Integrated Advisors Network LLC acquired a new stake in shares of eBay during the 4th quarter valued at $210,000. Ameriflex Group Inc. bought a new position in eBay during the 4th quarter worth $38,000. Ascent Group LLC raised its position in eBay by 8.2% during the 4th quarter. Ascent Group LLC now owns 13,450 shares of the e-commerce company’s stock worth $833,000 after purchasing an additional 1,024 shares during the last quarter. Mackenzie Financial Corp raised its position in eBay by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 105,665 shares of the e-commerce company’s stock worth $6,546,000 after purchasing an additional 15,639 shares during the last quarter. Finally, Forum Financial Management LP raised its position in eBay by 43.2% during the 4th quarter. Forum Financial Management LP now owns 4,680 shares of the e-commerce company’s stock worth $290,000 after purchasing an additional 1,411 shares during the last quarter. Institutional investors and hedge funds 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.