Stifel Nicolaus Issues Pessimistic Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its price objective reduced by equities researchers at Stifel Nicolaus from $64.00 to $63.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the e-commerce company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.03% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday. Mizuho raised their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Benchmark upped their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $64.58.

eBay Stock Performance

EBAY stock traded down $6.12 during midday trading on Thursday, hitting $63.02. 5,515,536 shares of the company traded hands, compared to its average volume of 4,970,683. eBay has a twelve month low of $46.53 and a twelve month high of $71.61. The stock has a market capitalization of $30.18 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50 day simple moving average of $66.24 and a 200-day simple moving average of $63.67.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by insiders.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently modified their holdings of EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new position in eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new position in eBay in the fourth quarter valued at $33,000. Finally, Quarry LP acquired a new stake in eBay in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.