eBay (NASDAQ:EBAY) Rating Lowered to “Underperform” at Jefferies Financial Group

eBay (NASDAQ:EBAY) was downgraded by analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued on Tuesday, MarketBeat reports. They presently have a $52.00 price target on the e-commerce company’s stock, down from their previous price target of $60.00. Jefferies Financial Group’s price objective would suggest a potential downside of 17.68% from the stock’s previous close.

EBAY has been the topic of several other reports. Barclays decreased their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Morgan Stanley boosted their price objective on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Citigroup raised their target price on eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.63.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $63.17 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30.26 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.67 and a beta of 1.35. The business has a 50-day moving average of $63.49 and a two-hundred day moving average of $58.97. eBay has a fifty-two week low of $40.16 and a fifty-two week high of $67.80.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock valued at $3,370,974 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Sequoia Financial Advisors LLC boosted its position in shares of eBay by 6.5% during the second quarter. Sequoia Financial Advisors LLC now owns 13,458 shares of the e-commerce company’s stock worth $723,000 after buying an additional 821 shares during the period. Wedmont Private Capital boosted its position in eBay by 13.1% during the 2nd quarter. Wedmont Private Capital now owns 6,882 shares of the e-commerce company’s stock worth $373,000 after acquiring an additional 796 shares during the last quarter. PGGM Investments grew its stake in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after acquiring an additional 28,604 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of eBay by 36.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,179 shares of the e-commerce company’s stock valued at $1,567,000 after purchasing an additional 7,781 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of eBay in the second quarter worth $217,000. 87.48% of the stock is owned by institutional investors.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.