eBay (NASDAQ:EBAY) received a $45.00 price target from research analysts at JPMorgan Chase & Co. in a report released on Thursday. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 2.41% from the stock’s current price.
A number of other analysts also recently issued reports on EBAY. Mizuho restated an “underperform” rating and issued a $40.00 price target (up from $34.00) on shares of eBay in a research report on Thursday. UBS Group restated a “buy” rating and issued a $48.00 price target (up from $44.00) on shares of eBay in a research report on Thursday. Credit Suisse Group restated an “in-line” rating and issued a $51.00 price target (up from $46.00) on shares of eBay in a research report on Thursday. Bank of America raised their price target on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Deutsche Bank set a $47.00 price target on eBay and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have issued a buy rating to the stock. eBay currently has an average rating of “Hold” and an average price target of $42.53.
eBay (NASDAQ:EBAY) traded up $5.53 during midday trading on Thursday, hitting $46.11. The stock had a trading volume of 28,817,084 shares, compared to its average volume of 10,759,019. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. The company has a market cap of $48,520.00, a P/E ratio of 6.92, a P/E/G ratio of 2.81 and a beta of 1.34. eBay has a 52-week low of $31.80 and a 52-week high of $46.99.
eBay declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
In other eBay news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the transaction, the vice president now owns 23,392 shares in the company, valued at $836,264. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of eBay stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the completion of the transaction, the senior vice president now owns 74,334 shares in the company, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,419 shares of company stock worth $1,512,740. Insiders own 6.78% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. ZWJ Investment Counsel Inc. grew its stake in eBay by 31.2% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 26,013 shares of the e-commerce company’s stock valued at $982,000 after purchasing an additional 6,181 shares during the last quarter. Northwest Investment Counselors LLC grew its stake in eBay by 3.0% in the fourth quarter. Northwest Investment Counselors LLC now owns 42,468 shares of the e-commerce company’s stock valued at $1,603,000 after purchasing an additional 1,221 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in eBay by 7.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 747,089 shares of the e-commerce company’s stock valued at $28,195,000 after purchasing an additional 49,249 shares during the last quarter. Sanders Capital LLC grew its stake in eBay by 6.9% in the fourth quarter. Sanders Capital LLC now owns 5,989,000 shares of the e-commerce company’s stock valued at $248,814,000 after purchasing an additional 389,100 shares during the last quarter. Finally, Covey Capital Advisors LLC purchased a new position in eBay in the fourth quarter valued at about $1,828,000. Institutional investors own 85.95% of the company’s stock.
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About eBay
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
