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eBay (NASDAQ:EBAY) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, Analyst RN reports. The analysts noted that the move was a valuation call.

In other eBay news, SVP Alan Lee Marks sold 4,000 shares of eBay stock on the open market in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $54.92, for a total value of $219,680.00. Following the completion of the transaction, the senior vice president now directly owns 61,200 shares in the company, valued at approximately $3,361,104. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of other analysts have also recently weighed in on EBAY. Analysts at Wedbush raised their price target on shares of eBay from $64.00 to $70.00 in a research note to investors on Tuesday, December 17th. They now have a “top pick” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Tuesday, December 10th. They now have a $54.00 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of eBay in a research note to investors on Thursday, December 5th. They set a “fair value” rating and a $58.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. eBay has an average rating of “Buy” and an average target price of $61.68.

Shares of eBay (NASDAQ:EBAY) opened at 53.26 on Monday. eBay has a 52-week low of $48.06 and a 52-week high of $58.04. The stock has a 50-day moving average of $52.20 and a 200-day moving average of $52.86. The company has a market cap of $68.950 billion and a price-to-earnings ratio of 25.69.

eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.

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