eBay (NASDAQ:EBAY) Given “Market Outperform” Rating at Citizens Jmp

eBay (NASDAQ:EBAY)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $115.00 target price on the e-commerce company’s stock. Citizens Jmp’s price target points to a potential upside of 20.63% from the company’s current price.

A number of other research firms also recently weighed in on EBAY. Wells Fargo & Company lifted their target price on eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Piper Sandler reduced their price objective on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Stifel Nicolaus cut their price target on shares of eBay from $89.00 to $88.00 in a report on Thursday, October 30th. The Goldman Sachs Group lowered their price objective on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Fourteen 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.66.

eBay Trading Up 0.1%

Shares of eBay stock traded up $0.13 during trading hours on Wednesday, hitting $95.33. The company’s stock had a trading volume of 265,761 shares, compared to its average volume of 3,974,405. The stock has a 50 day moving average of $86.77 and a 200 day moving average of $88.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay has a 12 month low of $58.71 and a 12 month high of $101.15. The company has a market capitalization of $43.09 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

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

Insider Activity

In other eBay news, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. The trade was a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $82.67, for a total transaction of $71,509.55. Following the completion of the transaction, the senior vice president directly owned 4,733 shares in the company, valued at $391,277.11. This trade represents a 15.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,675 shares of company stock worth $4,388,825. Company insiders own 0.64% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors have recently modified their holdings of EBAY. Princeton Global Asset Management LLC grew its position in eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares in the last quarter. Financial Consulate Inc. bought a new stake in eBay in the 3rd quarter worth approximately $27,000. GFG Capital LLC purchased a new stake in eBay in the second quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of eBay during the third quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of eBay in the 4th quarter worth approximately $28,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.