eBay Inc. (NASDAQ:EBAY) Given Average Recommendation of “Hold” by Brokerages

eBay Inc. (NASDAQ:EBAY) has earned a consensus rating of “Hold” from the thirty-four brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $95.6563.

Several research analysts recently weighed in on EBAY shares. Citigroup reiterated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. President Capital dropped their price objective on shares of eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. B. Riley Financial lifted their target price on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a report on Monday, October 20th. The Goldman Sachs Group decreased their target price on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus lowered their price target on shares of eBay from $89.00 to $88.00 in a report on Thursday, October 30th.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares in the company, valued at approximately $435,388.67. This represents a 87.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,590 shares of company stock valued at $4,000,814 over the last quarter. Insiders own 0.64% of the company’s stock.

Institutional Trading of eBay

Institutional investors have recently modified their holdings of the stock. Princeton Global Asset Management LLC boosted its holdings in eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares during the last quarter. High Point Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $26,000. Financial Consulate Inc. purchased a new stake in shares of eBay during the third quarter worth approximately $27,000. Jessup Wealth Management Inc acquired a new position in eBay in the 4th quarter valued at $27,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in eBay in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ:EBAY opened at $82.38 on Monday. The firm’s fifty day moving average is $88.35 and its two-hundred day moving average is $89.56. The firm has a market cap of $37.24 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.92 and a beta of 1.38. 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 has a one year low of $58.71 and a one year high of $101.15.

About eBay

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.