JPMorgan Chase & Co. Cuts eBay (NASDAQ:EBAY) Price Target to $54.00

eBay (NASDAQ:EBAY) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $60.00 to $54.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the e-commerce company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 11.45% from the stock’s current price.

A number of other analysts have also issued reports on EBAY. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Morgan Stanley boosted their price target on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. UBS Group upped their price target on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, BMO Capital Markets boosted their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.21.

eBay Trading Down 0.3 %

EBAY traded down $0.21 on Tuesday, hitting $60.98. The company had a trading volume of 2,235,445 shares, compared to its average volume of 4,888,916. 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’s fifty day simple moving average is $67.14 and its 200 day simple moving average is $65.03. The company has a market cap of $28.42 billion, a PE ratio of 15.31, a PEG ratio of 2.22 and a beta of 1.43. eBay has a 12-month low of $48.52 and a 12-month high of $71.61.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,176 shares of company stock valued at $3,111,432. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in eBay in the fourth quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. acquired a new position in eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay during the fourth quarter worth about $33,000. Finally, Quarry LP purchased a new position in shares of eBay in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors 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.