eBay’s (EBAY) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Citizens Jmp reiterated their market outperform rating on shares of eBay (NASDAQ:EBAY) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $115.00 target price on the e-commerce company’s stock.

EBAY has been the topic of a number of other research reports. Cantor Fitzgerald increased their target price on eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. President Capital reduced their price objective on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, December 19th. B. Riley increased their price objective on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wells Fargo & Company lifted their target price on shares of eBay from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Finally, Arete Research boosted their target price on shares of eBay from $91.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $95.66.

eBay Stock Down 0.0%

EBAY opened at $95.17 on Wednesday. The company has a fifty day moving average of $87.04 and a two-hundred day moving average of $88.78. The stock has a market capitalization of $43.02 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.22 and a beta of 1.35. eBay has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company posted $1.19 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts expect that eBay will post 3.86 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Julie A. Loeger sold 2,896 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the completion of the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares in the company, valued at approximately $19,117,123.48. The trade was a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,675 shares of company stock worth $4,388,825 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Financial Consulate Inc. acquired a new position in shares of eBay during the 3rd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in eBay during the third quarter worth about $28,000. JPL Wealth Management LLC acquired a new position in eBay in the 3rd quarter valued at about $28,000. JFS Wealth Advisors LLC boosted its holdings in eBay by 57.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 116 shares during the last quarter. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of eBay in the 4th quarter valued at approximately $28,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.