Investors Buy Shares of eBay (EBAY) on Weakness After Analyst Downgrade

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Traders purchased shares of eBay Inc (NASDAQ:EBAY) on weakness during trading hours on Thursday after Imperial Capital lowered their price target on the stock from $64.00 to $56.00. $194.13 million flowed into the stock on the tick-up and $131.94 million flowed out of the stock on the tick-down, for a money net flow of $62.19 million into the stock. Of all stocks tracked, eBay had the 21st highest net in-flow for the day. eBay traded down ($0.43) for the day and closed at $33.65

EBAY has been the topic of a number of other reports. ValuEngine upgraded eBay from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Susquehanna Bancshares raised their price target on eBay from $33.00 to $43.00 and gave the stock a “positive” rating in a research note on Wednesday. Benchmark restated a “buy” rating and issued a $50.00 price target on shares of eBay in a research note on Tuesday, October 16th. Aegis restated a “buy” rating and issued a $44.00 price target on shares of eBay in a research note on Tuesday, October 23rd. Finally, Wells Fargo & Co dropped their price target on eBay from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, December 21st. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. eBay currently has a consensus rating of “Hold” and an average target price of $39.47.

In other eBay news, Director Robert Holmes Swan purchased 17,787 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were acquired at an average cost of $28.21 per share, with a total value of $501,771.27. Following the completion of the acquisition, the director now directly owns 289,207 shares in the company, valued at $8,158,529.47. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jae Hyun Lee sold 33,652 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $29.23, for a total value of $983,647.96. Following the sale, the senior vice president now directly owns 121,459 shares in the company, valued at $3,550,246.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,461 shares of company stock worth $2,643,165. Insiders own 6.22% of the company’s stock.

A number of large investors have recently bought and sold shares of EBAY. Clean Yield Group bought a new stake in eBay during the fourth quarter valued at about $28,000. Quantamental Technologies LLC bought a new stake in shares of eBay in the fourth quarter worth about $125,000. NEXT Financial Group Inc bought a new stake in shares of eBay in the third quarter worth about $130,000. Stratos Wealth Partners LTD. bought a new stake in shares of eBay in the third quarter worth about $144,000. Finally, JNBA Financial Advisors increased its holdings in shares of eBay by 567.5% in the third quarter. JNBA Financial Advisors now owns 4,512 shares of the e-commerce company’s stock worth $149,000 after purchasing an additional 3,836 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $32.44 billion, a PE ratio of 14.50, a PEG ratio of 1.88 and a beta of 1.23.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. eBay had a return on equity of 26.51% and a net margin of 23.54%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.86 billion. As a group, equities analysts predict that eBay Inc will post 2.05 EPS for the current fiscal year.

The company also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th.

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eBay Company Profile (NASDAQ:EBAY)

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.

Further Reading: How is net asset value different from market price?

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