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.
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.
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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