Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have been given an average rating of "Hold" by the twenty-seven ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $62.92.
A number of equities analysts have issued reports on EBAY shares. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Jefferies Financial Group lowered eBay from a "hold" rating to an "underperform" rating and decreased their price objective for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Needham & Company LLC restated a "buy" rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, October 31st.
Check Out Our Latest Research Report on eBay
eBay Stock Performance
EBAY stock traded down $3.50 during trading on Friday, hitting $65.90. 8,233,688 shares of the company's stock traded hands, compared to its average volume of 3,718,921. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay has a 52 week low of $40.16 and a 52 week high of $71.52. The stock has a fifty day moving average price of $63.23 and a two-hundred day moving average price of $60.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.
eBay Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 29th. eBay's dividend payout ratio (DPR) is currently 27.14%.
Insider Transactions at eBay
In other news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,283 shares of company stock valued at $1,715,462 over the last quarter. Company insiders own 0.38% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of EBAY. Quarry LP bought a new stake in shares of eBay in the 3rd quarter valued at approximately $36,000. USA Financial Formulas acquired a new stake in eBay in the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new stake in eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc grew its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake 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 worth $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.
eBay Company Profile
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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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