eBay’s (EBAY) “Neutral” Rating Reiterated at Wedbush

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $72.00 target price on the e-commerce company’s stock. Wedbush’s price objective suggests a potential downside of 8.59% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Bank of America dropped their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a report on Monday, May 12th. Sanford C. Bernstein lowered eBay from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Finally, Stifel Nicolaus increased their price objective on eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $67.73.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $78.77 on Wednesday. The company has a market cap of $36.31 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.22 and a beta of 1.27. The business has a 50 day moving average price of $69.23 and a 200 day moving average price of $67.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a twelve month low of $51.72 and a twelve month high of $79.84.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. eBay’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. Research analysts predict 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 127,070 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares of the company’s stock, valued at $8,559,469.26. This trade represents a 50.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 283,635 shares of company stock valued at $19,872,559. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

A number of large investors have recently modified their holdings of the business. Wealth Preservation Advisors LLC acquired a new position in eBay during the first quarter valued at approximately $26,000. Abound Financial LLC bought a new stake in shares of eBay during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC bought a new position in shares of eBay in the fourth quarter valued at $27,000. Finally, Pinney & Scofield Inc. acquired a new stake in eBay in the fourth quarter valued at $31,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.