eBay (NASDAQ:EBAY) Rating Lowered to Hold at StockNews.com

eBay (NASDAQ:EBAY) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other analysts also recently weighed in on EBAY. Stifel Nicolaus cut their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Finally, UBS Group boosted their target price on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.13.

eBay Trading Up 1.2 %

NASDAQ EBAY opened at $66.26 on Friday. eBay has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a 50-day simple moving average of $66.30 and a 200 day simple moving average of $64.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $30.88 billion, a PE ratio of 16.65, a P/E/G ratio of 2.22 and a beta of 1.43.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several hedge funds have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay in the fourth quarter valued at about $27,000. Orion Capital Management LLC bought a new position in eBay in the 4th quarter valued at about $27,000. Pinney & Scofield Inc. acquired a new stake in eBay during the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the fourth quarter worth approximately $33,000. Finally, Ameriflex Group Inc. bought a new stake in shares of eBay during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

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.