eBay (NASDAQ:EBAY) Earns Market Outperform Rating from Citizens Jmp

eBay (NASDAQ:EBAY)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $115.00 price objective on the e-commerce company’s stock. Citizens Jmp’s price objective suggests a potential upside of 21.81% from the company’s previous close.

A number of other equities research analysts have also recently commented on EBAY. TD Cowen reaffirmed a “hold” rating on shares of eBay in a report on Monday, October 20th. Citigroup reaffirmed a “market outperform” rating on shares of eBay in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. JMP Securities upgraded eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target for the company in a research note on Friday, October 24th. Finally, Barclays increased their price target on eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.66.

eBay Price Performance

Shares of NASDAQ EBAY opened at $94.41 on Wednesday. The stock has a market cap of $42.67 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.21 and a beta of 1.35. eBay has a twelve month low of $58.71 and a twelve month high of $101.15. The stock has a 50 day moving average of $87.33 and a two-hundred day moving average of $88.82. 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 (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. On average, research analysts forecast that eBay will post 3.86 earnings per share for the current year.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 2,896 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the completion of the transaction, the senior vice president owned 55,990 shares in the company, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the sale, the chief executive officer directly owned 235,781 shares in the company, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 53,675 shares of company stock worth $4,388,825. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On eBay

Several hedge funds have recently bought and sold shares of the company. Financial Consulate Inc. purchased a new stake in eBay during the third quarter worth $27,000. High Point Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter worth $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of eBay in the 3rd quarter worth about $28,000. JPL Wealth Management LLC acquired a new stake in eBay in the 3rd quarter valued at about $28,000. Finally, JFS Wealth Advisors LLC increased its holdings in eBay by 57.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 116 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.