eBay (EBAY) Cut to C+ at TheStreet

TheStreet downgraded shares of eBay (NASDAQ:EBAY) from a b- rating to a c+ rating in a research report sent to investors on Wednesday morning.

A number of other research firms have also recently issued reports on EBAY. FIX cut eBay from a buy rating to a neutral rating and lowered their target price for the stock from $44.00 to $33.00 in a report on Monday, October 22nd. Benchmark reiterated a buy rating and set a $50.00 target price on shares of eBay in a report on Tuesday, October 16th. Canaccord Genuity lowered their target price on eBay from $43.00 to $40.00 and set a hold rating for the company in a report on Thursday, July 19th. Wedbush reiterated a neutral rating and set a $36.00 target price on shares of eBay in a report on Thursday, September 13th. Finally, Morgan Stanley lowered their target price on eBay from $58.00 to $55.00 and set a $34.11 rating for the company in a report on Thursday, July 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $43.62.

EBAY stock opened at $27.34 on Wednesday. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. eBay has a 1 year low of $26.95 and a 1 year high of $46.99.



In other news, VP Brian J. Doerger sold 4,811 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $34.05, for a total value of $163,814.55. Following the completion of the transaction, the vice president now owns 34,644 shares in the company, valued at approximately $1,179,628.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kristin A. Yetto sold 25,240 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $33.99, for a total value of $857,907.60. Following the completion of the transaction, the senior vice president now owns 83,876 shares of the company’s stock, valued at approximately $2,850,945.24. The disclosure for this sale can be found here. Insiders sold a total of 127,642 shares of company stock valued at $4,364,399 in the last 90 days. 6.22% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CSat Investment Advisory L.P. bought a new position in eBay during the second quarter worth about $106,000. Valeo Financial Advisors LLC bought a new position in eBay during the second quarter worth about $107,000. NEXT Financial Group Inc bought a new position in eBay during the third quarter worth about $130,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in eBay by 223.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 2,850 shares during the period. Finally, Cerebellum GP LLC grew its holdings in eBay by 292.7% during the third quarter. Cerebellum GP LLC now owns 5,007 shares of the e-commerce company’s stock worth $165,000 after purchasing an additional 3,732 shares during the period. Institutional investors own 84.69% of the company’s stock.

About 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.

See Also: How can you know how many shares are floating?

Analyst Recommendations for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply