Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-seven analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $62.63.
A number of brokerages have weighed in on EBAY. Cantor Fitzgerald reiterated a "neutral" rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Mizuho lifted their price objective on shares of eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their price target on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Finally, UBS Group decreased their price objective on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st.
Get Our Latest Stock Analysis on EBAY
eBay Stock Performance
eBay stock traded down $0.12 during trading on Wednesday, hitting $64.11. The stock had a trading volume of 7,106,685 shares, compared to its average volume of 5,300,065. 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 stock's 50 day moving average is $63.25 and its two-hundred day moving average is $59.34. eBay has a 1 year low of $40.16 and a 1 year high of $67.80. The stock has a market cap of $30.71 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.
eBay Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.68%. eBay's payout ratio is currently 27.14%.
Insiders Place Their Bets
In related news, SVP Cornelius Boone sold 3,989 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company's stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 5,252 shares of the company's stock in a transaction that occurred on 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 directly owns 65,080 shares of the company's stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,908 shares of company stock valued at $2,110,731 in the last quarter. Insiders own 0.38% of the company's stock.
Institutional Trading of eBay
Large investors have recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock worth $28,000 after acquiring an additional 465 shares in the last quarter. Quarry LP bought a new position in eBay in the third quarter worth $36,000. USA Financial Formulas bought a new position in eBay in the third quarter worth $38,000. Northwest Investment Counselors LLC purchased a new position in eBay during the third quarter valued at $50,000. Finally, Financial Management Professionals Inc. boosted its holdings in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock valued at $55,000 after buying an additional 621 shares in the last quarter. Institutional investors own 87.48% of the company's stock.
About eBay
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Get Free ReporteBay 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.
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