eBay (NASDAQ:EBAY) Cut to “Underperform” at Jefferies Financial Group

eBay (NASDAQ:EBAY) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $52.00 price target on the e-commerce company’s stock, down from their prior price target of $60.00. Jefferies Financial Group’s price target indicates a potential downside of 20.17% from the company’s current price.

EBAY has been the subject of a number of other reports. Stifel Nicolaus boosted their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. UBS Group dropped their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup raised their price objective on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.63.

eBay Stock Performance

Shares of EBAY stock opened at $65.14 on Tuesday. 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 company has a 50 day moving average price of $63.54 and a 200-day moving average price of $58.91. eBay has a 52 week low of $40.16 and a 52 week high of $67.80. The firm has a market capitalization of $31.20 billion, a PE ratio of 16.37, a P/E/G ratio of 1.67 and a beta of 1.35.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,641 shares of company stock worth $3,370,974 over the last three months. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several large investors have recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. raised its holdings in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Mirova US LLC lifted its stake in shares of eBay by 2.1% during the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares in the last quarter. Finally, LSV Asset Management grew its stake in eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.