Stifel Nicolaus cut shares of eBay (NASDAQ:EBAY) from a buy rating to a hold rating in a research report report published on Friday, MarketBeat Ratings reports. The firm currently has $35.00 price target on the e-commerce company’s stock, down from their prior price target of $43.00.

Several other equities research analysts have also recently weighed in on EBAY. SunTrust Banks cut eBay from a buy rating to a hold rating and set a $40.00 price objective for the company. in a report on Tuesday, July 10th. Bank of America dropped their price objective on eBay from $49.00 to $46.00 and set a buy rating for the company in a report on Friday, July 13th. Credit Suisse Group dropped their price objective on eBay from $60.00 to $58.00 and set an outperform rating for the company in a report on Monday, July 16th. BidaskClub upgraded eBay from a sell rating to a hold rating in a report on Wednesday, July 18th. Finally, Guggenheim reiterated a $37.95 rating on shares of eBay in a report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. eBay presently has an average rating of Hold and a consensus price target of $45.79.

EBAY stock traded down $2.80 during trading on Friday, hitting $28.75. 39,732,709 shares of the company traded hands, compared to its average volume of 12,133,734. eBay has a 1 year low of $28.37 and a 1 year high of $46.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $31.22 billion, a PE ratio of 17.64, a P/E/G ratio of 1.80 and a beta of 1.19.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that eBay will post 1.84 EPS for the current year.

In other news, SVP Jae Hyun Lee sold 26,204 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the completion of the transaction, the senior vice president now owns 128,457 shares in the company, valued at approximately $4,506,271.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 4,811 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $34.05, for a total value of $163,814.55. Following the completion of the transaction, the vice president now owns 34,644 shares of the company’s stock, valued at approximately $1,179,628.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,158 shares of company stock valued at $4,718,578. 6.78% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of EBAY. Element Capital Management LLC bought a new position in eBay during the 1st quarter valued at approximately $328,000. LPL Financial LLC increased its position in eBay by 22.4% during the 1st quarter. LPL Financial LLC now owns 144,959 shares of the e-commerce company’s stock valued at $5,833,000 after buying an additional 26,493 shares in the last quarter. NEXT Financial Group Inc bought a new position in eBay during the 1st quarter valued at approximately $269,000. WINTON GROUP Ltd increased its position in eBay by 828.8% during the 1st quarter. WINTON GROUP Ltd now owns 151,884 shares of the e-commerce company’s stock valued at $6,112,000 after buying an additional 135,531 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its position in eBay by 32.2% during the 1st quarter. Summit Trail Advisors LLC now owns 98,135 shares of the e-commerce company’s stock valued at $2,816,000 after buying an additional 23,905 shares in the last quarter. 84.93% of the stock is owned by institutional investors.

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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