Morgan Stanley Keeps a Hold Rating on Ebay (EBAY)


Morgan Stanley analyst Brian Nowak maintained a Hold rating on Ebay (EBAY) today and set a price target of $35.00. The company’s shares closed last Monday at $38.36.

According to TipRanks.com, Nowak is a 5-star analyst with an average return of 8.0% and a 63.5% success rate. Nowak covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Activision Blizzard.

Currently, the analyst consensus on Ebay is a Moderate Buy with an average price target of $43.50.

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Based on Ebay’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.67 billion and net profit of $402 million. In comparison, last year the company earned revenue of $2.64 billion and had a net profit of $721 million.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EBAY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

eBay, Inc. operates as a commerce company, which engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It operates throught the following platforms: Marketplace; Classifieds; StubHub, Corporate, and Others.

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