eBay Inc. (NASDAQ:EBAY) Receives Consensus Rating of “Hold” from Analysts

eBay Inc. (NASDAQ:EBAY) has earned an average rating of “Hold” from the thirty-four ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $95.6563.

EBAY has been the subject of several recent research reports. Morgan Stanley increased their price target on eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Citigroup restated a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. B. Riley Financial raised their target price on eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. BNP Paribas Exane initiated coverage on shares of eBay in a research report on Monday, November 24th. They set a “hold” rating on the stock. Finally, Needham & Company LLC upped their price objective on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 30th.

Insider Activity

In other news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the transaction, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 44,590 shares of company stock worth $4,000,814. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently modified their holdings of EBAY. Financial Consulate Inc. acquired a new position in eBay in the third quarter valued at about $27,000. High Point Wealth Management LLC acquired a new stake in shares of eBay during the fourth quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of eBay in the 3rd quarter valued at approximately $28,000. Jessup Wealth Management Inc acquired a new position in shares of eBay in the 4th quarter worth approximately $27,000. Finally, JPL Wealth Management LLC acquired a new position in shares of eBay in the 3rd quarter worth approximately $28,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $82.38 on Monday. The company has a market cap of $37.24 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.92 and a beta of 1.38. eBay has a twelve month low of $58.71 and a twelve month high of $101.15. The company’s 50-day moving average price is $88.35 and its 200-day moving average price is $89.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.