eBay (NASDAQ:EBAY) Receives “Neutral” Rating from Wedbush

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a report issued on Wednesday,Benzinga reports. They presently have a $72.00 price target on the e-commerce company’s stock. Wedbush’s price target would indicate a potential downside of 7.02% from the company’s previous close.

Several other brokerages also recently weighed in on EBAY. BMO Capital Markets upped their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price objective on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Robert W. Baird increased their target price on eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, Susquehanna boosted their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $67.73.

eBay Trading Down 0.6%

eBay stock opened at $77.44 on Wednesday. eBay has a 12-month low of $51.72 and a 12-month high of $79.84. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.22 and a beta of 1.27. The firm has a 50 day moving average of $69.86 and a 200 day moving average of $67.17. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. As a group, research analysts predict that eBay will post 3.86 earnings per share for the current year.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction on Monday, June 9th. The shares were sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the transaction, the chief executive officer now directly owns 325,053 shares of the company’s stock, valued at $25,698,690.18. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 296,279 shares of company stock worth $20,872,193. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in shares of eBay during the first quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new stake in shares of eBay in the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter worth approximately $27,000. Abound Financial LLC bought a new stake in shares of eBay during the 1st quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter valued at $31,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Company Profile

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.