eBay (NASDAQ:EBAY) has been given a $36.00 price objective by stock analysts at Morgan Stanley in a report released on Friday. The firm currently has a “sell” rating on the e-commerce company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 5.31% from the company’s current price.
Several other equities analysts also recently weighed in on the stock. SunTrust Banks upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday. UBS Group set a $44.00 target price on shares of eBay and gave the company a “buy” rating in a report on Thursday. Robert W. Baird raised their target price on shares of eBay from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday. Aegis restated a “buy” rating and set a $45.00 target price on shares of eBay in a report on Saturday, December 30th. Finally, BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.88.
eBay (NASDAQ EBAY) traded up $0.21 during trading hours on Friday, reaching $38.02. 11,990,000 shares of the company’s stock traded hands, compared to its average volume of 9,460,000. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay has a 52-week low of $29.69 and a 52-week high of $40.13. The stock has a market cap of $39,710.00, a P/E ratio of 5.62, a P/E/G ratio of 2.75 and a beta of 1.34.
In related news, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the sale, the vice president now directly owns 23,392 shares of the company’s stock, valued at $836,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the completion of the sale, the vice president now directly owns 16,732 shares in the company, valued at $602,184.68. The disclosure for this sale can be found here. Insiders sold 184,242 shares of company stock worth $6,842,297 over the last three months. Corporate insiders own 6.78% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Glenview Capital Management LLC boosted its position in shares of eBay by 442.0% in the second quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after acquiring an additional 7,262,862 shares during the last quarter. Harding Loevner LP acquired a new position in eBay during the second quarter valued at approximately $128,878,000. Arrowstreet Capital Limited Partnership lifted its position in eBay by 1,077.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after buying an additional 3,458,300 shares in the last quarter. Janus Henderson Group PLC lifted its position in eBay by 134.5% during the second quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after buying an additional 3,414,163 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its position in eBay by 17.6% during the third quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after buying an additional 3,406,261 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.
eBay Company Profile
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.
