eBay (NASDAQ:EBAY) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of eBay (NASDAQ:EBAY) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also recently weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. Piper Sandler reduced their target price on eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. Sanford C. Bernstein set a $90.00 price target on shares of eBay in a research report on Friday, October 31st. Finally, Barclays boosted their price objective on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $95.66.

eBay Stock Up 0.0%

eBay stock opened at $86.55 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay has a 1-year low of $58.71 and a 1-year high of $101.15. The firm’s fifty day simple moving average is $88.21 and its 200-day simple moving average is $89.37. The company has a market capitalization of $39.12 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 1.38.

Insider Activity at eBay

In other news, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the transaction, the senior vice president owned 55,990 shares in the company, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the completion of the sale, the senior vice president owned 4,733 shares of the company’s stock, valued at approximately $435,388.67. The trade was a 87.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 44,590 shares of company stock worth $4,000,814. 0.64% of the stock is owned by insiders.

Institutional Trading of eBay

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of eBay by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock valued at $5,018,121,000 after purchasing an additional 468,833 shares in the last quarter. Nordea Investment Management AB increased its holdings in eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after buying an additional 478,410 shares during the period. Invesco Ltd. increased its holdings in eBay by 1.7% in the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock valued at $638,983,000 after buying an additional 140,160 shares during the period. First Trust Advisors LP raised its stake in shares of eBay by 27.8% in the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after buying an additional 1,808,976 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of eBay by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 5,263,191 shares of the e-commerce company’s stock worth $478,687,000 after acquiring an additional 141,057 shares during the period. Institutional investors own 87.48% of the company’s stock.

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.