eBay Inc. (NASDAQ:EBAY) Given Average Recommendation of “Hold” by Analysts

Shares of eBay Inc. (NASDAQ:EBAY) have received an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $62.92.

EBAY has been the subject of several research reports. Bank of America reduced their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Robert W. Baird reduced their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Citigroup increased their target price on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

eBay Trading Up 0.7 %

NASDAQ:EBAY opened at $67.39 on Thursday. eBay has a 12 month low of $40.74 and a 12 month high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $32.28 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.15 and a beta of 1.35. The firm has a fifty day simple moving average of $64.54 and a two-hundred day simple moving average of $62.14.

Insiders Place Their Bets

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

Hedge Funds Weigh In On eBay

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in eBay during the 4th quarter valued at $27,000. Quarry LP bought a new stake in shares of eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the fourth quarter valued at about $36,000. USA Financial Formulas bought a new position in eBay in the third quarter worth about $38,000. Finally, Northwest Investment Counselors LLC purchased a new stake in eBay in the third quarter worth about $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.