UBS Group Lowers eBay (NASDAQ:EBAY) Price Target to $66.00

eBay (NASDAQ:EBAY) had its target price dropped by equities researchers at UBS Group from $72.00 to $66.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. UBS Group’s target price would indicate a potential upside of 13.58% from the company’s current price.

Several other analysts have also issued reports on the stock. Bank of America reduced their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday. Robert W. Baird decreased their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus lifted their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Citigroup boosted their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Wolfe Research began coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $61.86.

eBay Stock Up 1.0 %

Shares of NASDAQ EBAY opened at $58.11 on Thursday. The company has a market capitalization of $28.42 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.95 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $62.99 and a 200-day simple moving average of $56.72. eBay has a 1 year low of $37.17 and a 1 year high of $67.80.

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

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’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 of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on 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 $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC boosted its holdings in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC purchased a new position in shares of eBay during the first quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the second quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of eBay in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.