Stifel Nicolaus Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY - Get Free Report) had its price objective raised by stock analysts at Stifel Nicolaus from $61.00 to $62.00 in a report released on Thursday,Benzinga reports. The firm presently has a "hold" rating on the e-commerce company's stock. Stifel Nicolaus' price objective points to a potential downside of 8.16% from the stock's previous close.

Several other research firms have also recently issued reports on EBAY. BMO Capital Markets upped their target price on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Wells Fargo & Company reduced their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley lowered their price objective on eBay from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Evercore ISI upped their price target on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on eBay from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.00.

eBay Price Performance

Shares of EBAY stock traded down $0.65 on Thursday, reaching $67.51. The company's stock had a trading volume of 4,805,345 shares, compared to its average volume of 4,989,125. eBay has a 12-month low of $48.52 and a 12-month high of $71.61. The stock's 50 day simple moving average is $65.92 and its 200-day simple moving average is $65.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $31.46 billion, a P/E ratio of 16.92, a PEG ratio of 2.22 and a beta of 1.43.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for 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 firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. As a group, equities analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,310 shares of company stock valued at $3,121,626. Insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kathmere Capital Management LLC boosted its holdings in shares of eBay by 3.4% in the first quarter. Kathmere Capital Management LLC now owns 14,728 shares of the e-commerce company's stock worth $998,000 after buying an additional 478 shares during the period. Ballentine Partners LLC boosted its stake in eBay by 20.7% in the 1st quarter. Ballentine Partners LLC now owns 14,246 shares of the e-commerce company's stock worth $965,000 after purchasing an additional 2,440 shares during the period. MJP Associates Inc. ADV grew its position in eBay by 16.7% during the 1st quarter. MJP Associates Inc. ADV now owns 10,890 shares of the e-commerce company's stock worth $738,000 after purchasing an additional 1,555 shares in the last quarter. Cerity Partners LLC raised its stake in eBay by 23.3% during the 1st quarter. Cerity Partners LLC now owns 108,387 shares of the e-commerce company's stock valued at $7,341,000 after purchasing an additional 20,497 shares during the period. Finally, Allworth Financial LP boosted its position in shares of eBay by 2.2% in the first quarter. Allworth Financial LP now owns 8,402 shares of the e-commerce company's stock worth $565,000 after buying an additional 177 shares during the period. Institutional investors own 87.48% of the company's stock.

About eBay

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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