JPMorgan Chase & Co. Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $58.00 to $60.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 7.32% from the company’s previous close.

A number of other research firms also recently commented on EBAY. Robert W. Baird dropped their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday. Citigroup boosted their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.33.

eBay Trading Up 2.0 %

NASDAQ EBAY opened at $64.74 on Thursday. eBay has a 12 month low of $47.06 and a 12 month high of $71.61. The company has a 50-day moving average of $66.22 and a 200-day moving average of $63.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $31.01 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

Large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in eBay during the fourth quarter worth $27,000. Orion Capital Management LLC bought a new position in eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new position in eBay during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in eBay during the fourth quarter worth $33,000. Finally, Quarry LP bought a new position in eBay during the third quarter worth $36,000. 87.48% of the stock is currently owned by institutional investors.

About eBay

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.