eBay Inc. (NASDAQ:EBAY) Receives Average Rating of “Hold” from Analysts

Shares of eBay Inc. (NASDAQ:EBAY) have been given a consensus recommendation of “Hold” by the twenty-seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.54.

A number of equities analysts have issued reports on EBAY shares. Susquehanna increased their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Citigroup increased their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald boosted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th.

eBay Trading Up 3.9 %

EBAY stock opened at $70.51 on Monday. eBay has a 52-week low of $48.52 and a 52-week high of $71.61. 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 firm has a market cap of $32.86 billion, a P/E ratio of 17.72, a PEG ratio of 2.22 and a beta of 1.45. The company’s 50-day simple moving average is $66.60 and its 200-day simple moving average is $64.21.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. eBay’s dividend payout ratio is currently 29.07%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,524 shares of company stock worth $1,390,509. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new position in shares of eBay during the fourth quarter worth $27,000. Orion Capital Management LLC acquired a new position in eBay during the 4th quarter worth about $27,000. Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the 4th quarter valued at about $33,000. Finally, Quarry LP purchased a new stake in eBay during the third quarter worth about $36,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.