eBay Inc (EBAY) Given Consensus Rating of “Hold” by Brokerages

eBay Inc (NASDAQ:EBAY) has earned an average recommendation of “Hold” from the thirty-six ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $39.14.

A number of analysts recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and issued a $32.00 price target on shares of eBay in a research note on Wednesday, January 16th. Goldman Sachs Group downgraded eBay from a “buy” rating to a “neutral” rating and decreased their price target for the company from $34.00 to $32.00 in a research note on Friday, January 4th. ValuEngine downgraded eBay from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Aegis restated a “buy” rating and issued a $40.00 price target (down from $44.00) on shares of eBay in a research note on Wednesday, January 2nd. Finally, Wells Fargo & Co decreased their price target on eBay from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, December 21st.

In other news, VP Brian J. Doerger sold 3,526 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the sale, the vice president now directly owns 37,664 shares in the company, valued at $1,062,501.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jae Hyun Lee sold 33,652 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $29.23, for a total value of $983,647.96. Following the completion of the sale, the senior vice president now owns 121,459 shares in the company, valued at $3,550,246.57. The disclosure for this sale can be found here. Insiders sold 91,461 shares of company stock worth $2,643,165 over the last 90 days. Company insiders own 6.22% of the company’s stock.

Several large investors have recently modified their holdings of EBAY. NEXT Financial Group Inc purchased a new stake in shares of eBay in the third quarter valued at $130,000. Stratos Wealth Partners LTD. purchased a new stake in shares of eBay in the third quarter valued at $144,000. JNBA Financial Advisors lifted its position in shares of eBay by 567.5% in the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock valued at $149,000 after acquiring an additional 3,836 shares in the last quarter. Cerebellum GP LLC lifted its position in shares of eBay by 292.7% in the third quarter. Cerebellum GP LLC now owns 5,007 shares of the e-commerce company’s stock valued at $165,000 after acquiring an additional 3,732 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of eBay in the third quarter valued at $217,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

NASDAQ:EBAY opened at $34.71 on Tuesday. The company has a market capitalization of $29.85 billion, a PE ratio of 19.02, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.11. eBay has a 12-month low of $26.01 and a 12-month high of $46.99.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that eBay will post 1.84 earnings per share for the current year.

About eBay

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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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