Bank of America lowered shares of eBay (NASDAQ:EBAY) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has $33.00 price target on the e-commerce company’s stock, up from their previous price target of $28.75. The analysts noted that the move was a valuation call.
A number of other equities analysts also recently issued reports on EBAY. Benchmark reiterated a buy rating and set a $50.00 price target on shares of eBay in a research report on Tuesday, October 16th. Robert W. Baird reiterated a buy rating and set a $41.00 price target on shares of eBay in a research report on Wednesday, October 17th. Stifel Nicolaus downgraded eBay from a buy rating to a hold rating and lowered their price target for the stock from $43.00 to $35.00 in a research report on Friday. SunTrust Banks reiterated a hold rating and set a $38.00 price target on shares of eBay in a research report on Friday. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a $41.00 price target on shares of eBay in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $44.90.
Shares of EBAY stock opened at $28.49 on Monday. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.29. eBay has a 12-month low of $28.09 and a 12-month high of $46.99.
In related news, SVP Kristin A. Yetto sold 25,240 shares of eBay stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $33.99, for a total transaction of $857,907.60. Following the transaction, the senior vice president now owns 83,876 shares in the company, valued at $2,850,945.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jae Hyun Lee sold 26,204 shares of eBay stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the transaction, the senior vice president now owns 128,457 shares in the company, valued at approximately $4,506,271.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,642 shares of company stock worth $4,364,399. 6.22% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. purchased a new position in eBay during the second quarter worth approximately $106,000. Valeo Financial Advisors LLC purchased a new position in eBay during the second quarter worth approximately $107,000. NEXT Financial Group Inc purchased a new position in eBay during the third quarter worth approximately $130,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in eBay by 223.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock worth $150,000 after buying an additional 2,850 shares in the last quarter. Finally, Cerebellum GP LLC lifted its position in eBay by 292.7% during the third quarter. Cerebellum GP LLC now owns 5,007 shares of the e-commerce company’s stock worth $165,000 after buying an additional 3,732 shares in the last quarter. Hedge funds and other institutional investors own 84.69% of the company’s stock.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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