eBay (NASDAQ:EBAY) Rating Lowered to Hold at Wall Street Zen

Key Points

• eBay has been downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen.
• Despite the downgrade, several analysts have given mixed ratings with price targets ranging from $70.00 to $91.00, reflecting diverse opinions on eBay's stock potential.
• eBay reported a quarterly earnings of $1.37 EPS, exceeding analysts' expectations and reflecting a year-over-year revenue growth of 6.1%.

eBay (NASDAQ:EBAY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Several other equities research analysts have also commented on the stock. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a research report on Monday, May 12th. UBS Group set a $87.00 price objective on shares of eBay in a research report on Thursday, July 31st. Arete upgraded shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective on the stock in a research report on Thursday. Robert W. Baird boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of "Hold" and an average target price of $78.19.

eBay Stock Performance

NASDAQ:EBAY opened at $93.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay has a fifty-two week low of $54.80 and a fifty-two week high of $93.50. The stock has a market cap of $42.56 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. The firm's fifty day simple moving average is $79.43 and its 200-day simple moving average is $71.67.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm earned $1.18 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares of the company's stock, valued at $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The disclosure for this sale can be found here. Insiders sold 276,104 shares of company stock worth $22,025,676 over the last three months. Insiders own 0.64% of the company's stock.

Institutional Trading of eBay

A number of hedge funds have recently made changes to their positions in EBAY. Princeton Global Asset Management LLC grew its position in shares of eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company's stock worth $25,000 after buying an additional 269 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of eBay during the first quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of eBay during the fourth quarter worth approximately $27,000. GFG Capital LLC acquired a new stake in shares of eBay during the second quarter worth approximately $28,000. Finally, Abound Financial LLC acquired a new stake in shares of eBay during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 87.48% of the company's stock.

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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