J.P. Morgan Reaffirms Their Hold Rating on eBay (EBAY)

In a report released yesterday, Doug Anmuth from J.P. Morgan maintained a Hold rating on eBay, with a price target of $87.00. The company’s shares closed yesterday at $92.91.

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According to TipRanks, Anmuth is a 5-star analyst with an average return of 15.9% and a 58.33% success rate. Anmuth covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Alphabet Class C.

eBay has an analyst consensus of Moderate Buy, with a price target consensus of $98.78, implying a 6.32% upside from current levels. In a report released on March 5, Mizuho Securities also maintained a Hold rating on the stock with a $91.03 price target.

Based on eBay’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.97 billion and a net profit of $528 million. In comparison, last year the company earned a revenue of $2.58 billion and had a net profit of $679 million

Based on the recent corporate insider activity of 111 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. Last month, Cornelius Boone, the SVP, Chief People Officer of EBAY sold 34,100.00 shares for a total of $2,907,366.00.