UBS Group Reaffirms “Neutral” Rating for eBay (NASDAQ:EBAY)

eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating restated by stock analysts at UBS Group in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $82.00 price objective on the e-commerce company’s stock, up from their previous price objective of $73.00. UBS Group’s price target would indicate a potential downside of 10.63% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Barclays upped their target price on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of eBay from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Citigroup reduced their target price on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Piper Sandler increased their price target on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC lifted their price target on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $76.73.

eBay Price Performance

eBay stock traded up $14.19 during midday trading on Tuesday, reaching $91.75. The company had a trading volume of 20,275,215 shares, compared to its average volume of 5,571,085. The company has a market capitalization of $42.30 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.19 and a beta of 1.26. eBay has a 12-month low of $53.74 and a 12-month high of $92.79. The firm’s fifty day simple moving average is $76.63 and its 200-day simple moving average is $70.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the company posted $1.18 EPS. The business’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts anticipate that eBay will post 3.86 EPS for the current year.

Insider Activity

In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 347,222 shares of company stock valued at $25,143,522 in the last 90 days. Company insiders own 0.64% of the company’s stock.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its stake in eBay by 0.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 51,476 shares of the e-commerce company’s stock worth $3,833,000 after buying an additional 235 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in eBay by 13.9% in the second quarter. Wealthfront Advisers LLC now owns 68,963 shares of the e-commerce company’s stock valued at $5,135,000 after buying an additional 8,438 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of eBay in the second quarter valued at approximately $329,000. Sage Mountain Advisors LLC grew its position in shares of eBay by 81.4% during the second quarter. Sage Mountain Advisors LLC now owns 6,377 shares of the e-commerce company’s stock worth $475,000 after acquiring an additional 2,861 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of eBay by 29.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the e-commerce company’s stock valued at $101,000 after acquiring an additional 307 shares during the period. 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.