StockNews.com Downgrades eBay (NASDAQ:EBAY) to Hold

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

Several other brokerages also recently commented on EBAY. Wolfe Research initiated coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley upped their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Mizuho lifted their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. UBS Group decreased their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $62.87.

eBay Stock Down 1.5 %

EBAY opened at $61.50 on Monday. The stock’s fifty day simple moving average is $63.31 and its 200 day simple moving average is $57.27. eBay has a 1-year low of $38.60 and a 1-year high of $67.80. The stock has a market cap of $29.46 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This 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 this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 in the last quarter. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EBAY. Envestnet Portfolio Solutions Inc. lifted its stake in shares of eBay by 24.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,398 shares of the e-commerce company’s stock worth $1,129,000 after acquiring an additional 4,208 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of eBay by 16.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,925 shares of the e-commerce company’s stock valued at $1,421,000 after purchasing an additional 3,808 shares during the last quarter. Sei Investments Co. increased its position in shares of eBay by 37.8% during the first quarter. Sei Investments Co. now owns 277,754 shares of the e-commerce company’s stock worth $14,660,000 after buying an additional 76,201 shares during the period. Meeder Advisory Services Inc. bought a new position in eBay during the first quarter worth $228,000. Finally, QRG Capital Management Inc. lifted its holdings in eBay by 7.5% in the first quarter. QRG Capital Management Inc. now owns 103,514 shares of the e-commerce company’s stock valued at $5,463,000 after buying an additional 7,216 shares during the period. 87.48% of the stock is owned by 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.