eBay (NASDAQ:EBAY) Rating Lowered to Sell at BidaskClub

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eBay (NASDAQ:EBAY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday, BidAskClub reports.

Other analysts have also recently issued reports about the stock. Wedbush upgraded shares of eBay from a “neutral” rating to an “outperform” rating and upped their price target for the company from $34.00 to $38.00 in a research note on Monday, March 16th. Bank of America dropped their price target on shares of eBay from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. ValuEngine upgraded shares of eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $31.00 target price on shares of eBay in a report on Wednesday, March 18th. Finally, BMO Capital Markets decreased their target price on shares of eBay from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.71.

Shares of NASDAQ:EBAY traded up $1.79 during midday trading on Thursday, hitting $30.16. 14,244,736 shares of the company’s stock were exchanged, compared to its average volume of 16,781,284. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50 day moving average price of $35.19 and a 200-day moving average price of $36.29. The company has a market cap of $22.03 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. eBay has a 12 month low of $26.02 and a 12 month high of $42.00.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, January 28th. The e-commerce company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.81 billion. eBay had a net margin of 16.54% and a return on equity of 50.71%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. On average, analysts anticipate that eBay will post 2.51 EPS for the current fiscal year.

eBay declared that its board has initiated a share repurchase program on Tuesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 17.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

In other news, SVP Kristin A. Yetto sold 122,454 shares of eBay stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $34.95, for a total transaction of $4,279,767.30. Following the sale, the senior vice president now owns 133,107 shares in the company, valued at $4,652,089.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Kristin A. Yetto sold 29,863 shares of eBay stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $37.00, for a total transaction of $1,104,931.00. Following the sale, the senior vice president now owns 56,100 shares in the company, valued at approximately $2,075,700. The disclosure for this sale can be found here. In the last three months, insiders sold 189,092 shares of company stock worth $6,749,564. 6.22% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in eBay in the fourth quarter worth about $2,133,000. Macquarie Group Ltd. increased its holdings in shares of eBay by 22.6% during the fourth quarter. Macquarie Group Ltd. now owns 28,081 shares of the e-commerce company’s stock valued at $1,014,000 after acquiring an additional 5,181 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of eBay by 23.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,000 shares of the e-commerce company’s stock valued at $107,000 after acquiring an additional 560 shares in the last quarter. Franklin Resources Inc. increased its holdings in eBay by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 112,766 shares of the e-commerce company’s stock worth $4,073,000 after buying an additional 2,475 shares during the period. Finally, Norges Bank acquired a new position in eBay in the 4th quarter worth approximately $324,031,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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