eBay Inc. (NASDAQ:EBAY) Receives Average Recommendation of "Hold" from Analysts

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-seven research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $64.83.

EBAY has been the topic of a number of research reports. Barclays set a $72.00 price objective on shares of eBay and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Susquehanna increased their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Morgan Stanley reduced their price target on eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,310 shares of company stock worth $3,121,626. Company insiders own 0.38% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Ameriprise Financial Inc. boosted its stake in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its stake in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after buying an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of eBay in the 4th quarter valued at $96,214,000. Finally, Boston Partners boosted its holdings in shares of eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after acquiring an additional 1,524,691 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Stock Up 0.9 %

eBay stock traded up $0.59 during midday trading on Tuesday, reaching $67.22. The stock had a trading volume of 2,577,677 shares, compared to its average volume of 4,949,970. The stock has a market capitalization of $31.32 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm's fifty day simple moving average is $66.14 and its 200-day simple moving average is $64.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 1-year low of $48.52 and a 1-year high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio is presently 29.07%.

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.