A number of other analysts also recently commented on EBAY. Jefferies Group reiterated a neutral rating and issued a $46.00 price objective on shares of eBay in a research report on Thursday, April 26th. Aegis increased their target price on eBay from $45.00 to $52.00 and gave the stock a buy rating in a report on Thursday, February 1st. Stifel Nicolaus reissued a neutral rating and issued a $44.00 target price on shares of eBay in a report on Thursday, April 26th. BidaskClub cut eBay from a hold rating to a sell rating in a report on Thursday, May 3rd. Finally, JPMorgan Chase & Co. set a $45.00 target price on eBay and gave the stock a neutral rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $46.13.
Shares of EBAY stock opened at $37.94 on Tuesday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.21. eBay has a 12 month low of $33.89 and a 12 month high of $46.99. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.84 and a beta of 1.26.
eBay announced that its board has approved a stock buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
In other news, SVP Jae Hyun Lee sold 25,613 shares of eBay stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $43.21, for a total value of $1,106,737.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Oh Huber sold 35,631 shares of eBay stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $38.00, for a total value of $1,353,978.00. Following the completion of the sale, the senior vice president now directly owns 36,070 shares of the company’s stock, valued at $1,370,660. The disclosure for this sale can be found here. Insiders sold a total of 333,271 shares of company stock valued at $13,676,670 over the last three months. Insiders own 6.78% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of eBay in the 4th quarter valued at $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of eBay by 506.3% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,910 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 2,430 shares during the period. Massey Quick Simon & CO. LLC increased its stake in shares of eBay by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,958 shares of the e-commerce company’s stock valued at $119,000 after buying an additional 1,479 shares during the period. Archford Capital Strategies LLC acquired a new stake in shares of eBay in the 1st quarter valued at $116,000. Finally, Motco acquired a new stake in shares of eBay in the 1st quarter valued at $129,000. 86.60% of the stock is owned by institutional investors.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform 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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