eBay’s (EBAY) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of eBay (NASDAQ:EBAY) in a report released on Wednesday morning,Benzinga reports. Citizens Jmp currently has a $115.00 target price on the e-commerce company’s stock.

A number of other equities research analysts have also commented on EBAY. B. Riley increased their price target on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Barclays raised their price target on shares of eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Arete Research upped their price objective on shares of eBay from $91.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Wedbush increased their price objective on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Daiwa Capital Markets cut their target price on eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.66.

eBay Price Performance

Shares of NASDAQ EBAY opened at $91.22 on Wednesday. The stock has a market cap of $41.23 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. eBay has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The firm’s 50-day simple moving average is $87.54 and its 200 day simple moving average is $88.92.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the transaction, the senior vice president directly owned 2,862 shares of the company’s stock, valued at approximately $233,367.48. This represents a 92.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the completion of the sale, the senior vice president owned 55,990 shares in the company, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,675 shares of company stock valued at $4,388,825 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quotient Wealth Partners LLC lifted its stake in shares of eBay by 4.5% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,558 shares of the e-commerce company’s stock valued at $223,000 after buying an additional 110 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in eBay by 3.2% during the 4th quarter. Childress Capital Advisors LLC now owns 3,685 shares of the e-commerce company’s stock valued at $321,000 after acquiring an additional 114 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 116 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of eBay by 0.4% in the third quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock worth $2,651,000 after acquiring an additional 118 shares during the period. Finally, Garrett Wealth Advisory Group LLC grew its position in shares of eBay by 3.8% in the second quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock valued at $244,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.