eBay Inc (EBAY) Downgraded to Neutral at Monness Crespi & Hardt

Monness Crespi & Hardt downgraded shares of eBay Inc (NASDAQ:EBAY) from a buy rating to a neutral rating in a research report released on Thursday.

Several other equities research analysts also recently weighed in on EBAY. Robert W. Baird reaffirmed an outperform rating and issued a $35.00 price target on shares of eBay in a research note on Wednesday, December 21st. Aegis initiated coverage on shares of eBay in a research note on Tuesday, January 3rd. They issued a buy rating and a $36.00 price target for the company. Piper Jaffray Companies initiated coverage on shares of eBay in a research note on Tuesday, January 3rd. They issued a neutral rating and a $28.00 price target for the company. Cowen and Company reaffirmed a market perform rating and issued a $29.00 price target on shares of eBay in a research note on Thursday, January 19th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $32.00 price target on shares of eBay in a research note on Monday, January 23rd. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $34.90.

Analyst Recommendations for eBay (NASDAQ:EBAY)

eBay (NASDAQ:EBAY) traded down 1.35% on Thursday, reaching $32.09. 8,927,249 shares of the company traded hands. The stock has a 50-day moving average of $33.61 and a 200 day moving average of $31.29. eBay has a 52-week low of $22.30 and a 52-week high of $34.74. The company has a market capitalization of $34.88 billion, a PE ratio of 5.05 and a beta of 1.31. eBay also was the target of unusually large options trading activity on Thursday. Investors acquired 32,552 put options on the company. This is an increase of approximately 505% compared to the average daily volume of 5,383 put options.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. eBay had a net margin of 80.92% and a return on equity of 24.13%. The firm earned $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that eBay will post $2.01 EPS for the current year.

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In related news, SVP Stephen Fisher sold 16,601 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $33.77, for a total transaction of $560,615.77. Following the sale, the senior vice president now owns 97,023 shares of the company’s stock, valued at approximately $3,276,466.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 6,660 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $33.25, for a total transaction of $221,445.00. Following the sale, the vice president now directly owns 29,006 shares in the company, valued at approximately $964,449.50. The disclosure for this sale can be found here. Insiders have sold a total of 313,020 shares of company stock worth $10,153,302 in the last ninety days. 7.40% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of eBay by 0.7% in the fourth quarter. State Street Corp now owns 43,758,521 shares of the e-commerce company’s stock worth $1,299,174,000 after buying an additional 309,791 shares during the last quarter. Boston Partners raised its position in shares of eBay by 5.3% in the third quarter. Boston Partners now owns 26,671,175 shares of the e-commerce company’s stock worth $877,482,000 after buying an additional 1,342,624 shares during the last quarter. Jackson Square Partners LLC raised its position in shares of eBay by 0.7% in the third quarter. Jackson Square Partners LLC now owns 24,769,943 shares of the e-commerce company’s stock worth $814,931,000 after buying an additional 161,127 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of eBay by 5.6% in the third quarter. Lazard Asset Management LLC now owns 20,432,388 shares of the e-commerce company’s stock worth $672,224,000 after buying an additional 1,086,075 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of eBay by 3.7% in the fourth quarter. AQR Capital Management LLC now owns 11,540,482 shares of the e-commerce company’s stock worth $342,637,000 after buying an additional 413,537 shares during the last quarter. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

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