eBay (NASDAQ:EBAY) Given "Market Perform" Rating at JMP Securities

eBay (NASDAQ:EBAY - Get Free Report)'s stock had its "market perform" rating reiterated by investment analysts at JMP Securities in a research report issued on Thursday,Benzinga reports.

A number of other analysts have also recently commented on EBAY. Stifel Nicolaus increased their price target on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday. Citigroup cut their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Needham & Company LLC raised their price target on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a report on Thursday. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Evercore ISI increased their target price on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.12.

eBay Trading Down 0.4 %

Shares of EBAY stock traded down $0.30 on Thursday, reaching $67.86. 5,574,680 shares of the stock were exchanged, compared to its average volume of 4,992,289. The stock has a 50 day moving average price of $65.92 and a 200 day moving average price of $65.00. 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 cap of $31.62 billion, a PE ratio of 17.08, a P/E/G ratio of 2.22 and a beta of 1.43. eBay has a one year low of $48.52 and a one year high of $71.61.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts forecast that eBay will post 3.86 EPS for the current fiscal year.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Impax Asset Management Group plc raised its stake in shares of eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after acquiring an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after buying an additional 3,149,934 shares during the period. Independent Franchise Partners LLP increased its stake in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after buying an additional 2,277,839 shares during the period. Marshall Wace LLP raised its holdings in shares of eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after acquiring an additional 1,584,404 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in eBay in the fourth quarter worth $96,214,000. 87.48% of the stock is currently 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.

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