eBay (NASDAQ:EBAY) Given New $63.00 Price Target at Stifel Nicolaus

eBay (NASDAQ:EBAY) had its price objective reduced by Stifel Nicolaus from $64.00 to $63.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the e-commerce company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 2.69% from the stock’s previous close.

Several other equities research analysts also recently weighed in on EBAY. Benchmark upped their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho upped their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Piper Sandler boosted their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird reduced 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, October 31st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.33.

eBay Stock Up 2.0 %

eBay stock opened at $64.74 on Thursday. The firm has a market capitalization of $31.01 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a twelve month low of $47.06 and a twelve month high of $71.61. The stock’s fifty day simple moving average is $66.22 and its 200-day simple moving average is $63.73.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 in the last quarter. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. Wealth Enhancement Advisory Services LLC boosted its holdings in eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares in the last quarter. Kestra Investment Management LLC raised its position in eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department acquired a new stake in eBay in the third quarter valued at $1,307,000. Prospera Financial Services Inc lifted its holdings in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.