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eBay (NASDAQ:EBAY) Cut to "Sell" at ValuEngine

Last updated on Thursday, July 2nd, 2020 by MarketBeat

eBay (NASDAQ:EBAY) was downgraded by stock analysts at ValuEngine from a "hold" rating to a "sell" rating in a note issued to investors on Thursday, ValuEngine reports.

A number of other equities research analysts have also weighed in on the company. Mizuho lifted their price objective on eBay from $42.00 to $46.00 in a research report on Friday, June 5th. Susquehanna Bancshares lifted their price target on eBay from $43.00 to $44.00 and gave the company a "positive" rating in a research report on Thursday, April 30th. Cfra lowered eBay from a "hold" rating to a "sell" rating in a research report on Monday, May 11th. Wedbush restated an "outperform" rating and set a $44.00 price target on shares of eBay in a research report on Thursday, April 30th. Finally, BMO Capital Markets lowered eBay from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $46.00 to $52.00 in a research report on Friday, June 5th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. eBay has a consensus rating of "Hold" and an average target price of $47.62.

Shares of EBAY stock opened at $52.96 on Thursday. The firm has a market cap of $36.05 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.39 and a beta of 1.38. eBay has a fifty-two week low of $26.02 and a fifty-two week high of $53.43. The business's 50 day moving average price is $46.55 and its 200-day moving average price is $38.28. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.34 and a current ratio of 1.34.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $0.77 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.72 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.32 billion. eBay had a return on equity of 63.44% and a net margin of 44.44%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. As a group, equities analysts predict that eBay will post 2.89 EPS for the current year.

In other news, CFO Andrew John Cring sold 23,240 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the transaction, the chief financial officer now owns 117,919 shares in the company, valued at $5,070,517. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Wendy Elizabeth Jones sold 62,719 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $38.48, for a total value of $2,413,427.12. Following the completion of the transaction, the senior vice president now owns 68,909 shares of the company's stock, valued at approximately $2,651,618.32. The disclosure for this sale can be found here. 5.02% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of EBAY. Baupost Group LLC MA increased its position in eBay by 60.5% during the first quarter. Baupost Group LLC MA now owns 32,086,000 shares of the e-commerce company's stock valued at $964,505,000 after acquiring an additional 12,091,030 shares during the last quarter. Norges Bank purchased a new stake in eBay during the fourth quarter valued at $324,031,000. AKO Capital LLP purchased a new stake in eBay during the first quarter valued at $169,819,000. Renaissance Technologies LLC increased its position in eBay by 32.5% during the fourth quarter. Renaissance Technologies LLC now owns 15,120,028 shares of the e-commerce company's stock valued at $545,984,000 after acquiring an additional 3,707,700 shares during the last quarter. Finally, Marshall Wace LLP increased its position in eBay by 134.0% during the fourth quarter. Marshall Wace LLP now owns 4,115,129 shares of the e-commerce company's stock valued at $148,598,000 after acquiring an additional 2,356,700 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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To view ValuEngine's full report, visit ValuEngine's official website.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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