eBay (NASDAQ:EBAY) Price Target Cut to $54.00 by Analysts at JPMorgan Chase & Co.

eBay (NASDAQ:EBAY) had its price target decreased by analysts at JPMorgan Chase & Co. from $60.00 to $54.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 11.45% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley upped their price target on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and cut their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $65.21.

eBay Stock Down 0.3 %

Shares of eBay stock traded down $0.21 during trading on Tuesday, hitting $60.98. 2,235,445 shares of the stock were exchanged, compared to its average volume of 4,888,916. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm’s 50-day moving average price is $67.14 and its 200 day moving average price is $65.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a 12-month low of $48.52 and a 12-month high of $71.61.

Insider Activity at eBay

In related 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 in the company, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,176 shares of company stock worth $3,111,432. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in shares of eBay during the 4th quarter valued at $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay during the fourth quarter worth about $33,000. Finally, Quarry LP bought a new stake in eBay during the third quarter worth approximately $36,000. 87.48% of the stock is owned by institutional investors and hedge funds.

About eBay

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.