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

eBay (NASDAQ:EBAY) had its target price cut by stock analysts at Barclays from $65.00 to $64.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce company’s stock. Barclays‘s price target would indicate a potential upside of 10.14% from the company’s current price.

Other analysts also recently issued research reports about the company. Wolfe Research initiated coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Piper Sandler lifted their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, TD Cowen boosted their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $61.86.

eBay Stock Up 1.0 %

NASDAQ EBAY opened at $58.11 on Thursday. The stock’s 50 day moving average is $62.99 and its 200 day moving average is $56.72. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay has a 12 month low of $37.17 and a 12 month high of $67.80. The stock has a market cap of $28.42 billion, a PE ratio of 14.60, a P/E/G ratio of 1.95 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 30.15% and a net margin of 19.68%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Research analysts predict that eBay will post 3.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. Vanguard Group Inc. lifted its stake in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. raised its stake in 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 buying an additional 3,880,649 shares during the last quarter. M&G Plc purchased a new stake in eBay in the first quarter valued at about $97,557,000. Swedbank AB purchased a new stake in eBay in the first quarter valued at about $73,777,000. Finally, Altshuler Shaham Ltd purchased a new stake in eBay in the second quarter valued at about $71,593,000. 87.48% of the stock is currently owned by hedge funds and other 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.