eBay Inc. (NASDAQ:EBAY) Given Average Rating of “Hold” by Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have earned a consensus recommendation of “Hold” from the twenty-seven research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $62.92.

EBAY has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Citigroup upped their target price on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. UBS Group dropped their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th.

eBay Price Performance

EBAY stock opened at $68.26 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day simple moving average of $64.76 and a two-hundred day simple moving average of $62.44. The company has a market capitalization of $32.70 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. eBay has a 52-week low of $40.74 and a 52-week high of $71.52.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,149 shares of company stock valued at $1,746,065. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in eBay during the fourth quarter valued at approximately $27,000. Quarry LP bought a new position in eBay in the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter valued at $36,000. USA Financial Formulas bought a new position in shares of eBay in the third quarter worth $38,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of eBay in the third quarter worth $50,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.