eBay (NASDAQ:EBAY) Lowered to Hold Rating by StockNews.com

eBay (NASDAQ:EBAY) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities analysts have also recently weighed in on EBAY. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Wedbush started coverage on eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay Stock Up 0.1 %

EBAY stock traded up $0.07 during midday trading on Tuesday, reaching $67.80. 5,340,392 shares of the company’s stock traded hands, compared to its average volume of 4,861,696. eBay has a 52 week low of $48.52 and a 52 week high of $71.61. The company has a market cap of $31.59 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.22 and a beta of 1.45. The firm’s fifty day moving average price is $67.20 and its 200-day moving average price is $65.02. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % 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 the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eBay

Large investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new position in shares of eBay during the 4th quarter valued at $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay in the fourth quarter worth $33,000. Finally, Quarry LP bought a new stake in eBay during the third quarter valued at $36,000. 87.48% of the stock is currently owned by institutional investors.

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.