eBay (NASDAQ:EBAY) Now Covered by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of eBay (NASDAQ:EBAY - Get Free Report) in a report released on Thursday. The brokerage set a "market perform" rating on the e-commerce company's stock.

Other equities research analysts have also issued reports about the stock. UBS Group boosted their target price on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Evercore ISI boosted their price objective on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Citigroup decreased their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Needham & Company LLC boosted their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus target price of $68.04.

eBay Trading Up 0.7%

EBAY stock traded up $0.51 during mid-day trading on Thursday, hitting $76.83. 1,227,783 shares of the company were exchanged, compared to its average volume of 5,475,501. The business has a fifty day simple moving average of $74.05 and a 200-day simple moving average of $68.77. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay has a 12-month low of $53.10 and a 12-month high of $79.84. The firm has a market capitalization of $35.42 billion, a P/E ratio of 18.30, a PEG ratio of 2.11 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. On average, equities research analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total value of $6,694,013.70. Following the completion of the sale, the senior vice president owned 123,282 shares in the company, valued at $8,883,700.92. This trade represents a 42.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 326,183 shares of company stock valued at $23,490,942. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock worth $791,714,000 after acquiring an additional 510,629 shares during the period. Invesco Ltd. boosted its holdings in shares of eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after acquiring an additional 627,823 shares during the period. Northern Trust Corp raised its position in shares of eBay by 4.4% in the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock worth $481,525,000 after buying an additional 300,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $435,665,000 after buying an additional 245,624 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

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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