eBay Inc. (NASDAQ:EBAY) Given Consensus Recommendation of "Hold" by Analysts

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have received an average recommendation of "Hold" from the twenty-five ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $62.87.

Several analysts recently weighed in on EBAY shares. Deutsche Bank Aktiengesellschaft dropped their price objective on eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. StockNews.com cut shares of eBay from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of eBay from $58.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price objective on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research note on Tuesday, October 15th. Finally, Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares of the company's stock, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock valued at $3,418,000 after acquiring an additional 153 shares during the period. Optas LLC lifted its stake in shares of eBay by 0.5% during the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock valued at $2,219,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC lifted its stake in shares of eBay by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock valued at $1,531,000 after buying an additional 180 shares in the last quarter. Arvest Investments Inc. boosted its holdings in eBay by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock worth $990,000 after buying an additional 183 shares during the period. Finally, Marco Investment Management LLC grew its stake in eBay by 2.0% in the 3rd quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company's stock valued at $673,000 after buying an additional 200 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

EBAY traded up $1.83 during trading on Friday, hitting $63.24. 3,104,477 shares of the stock traded hands, compared to its average volume of 4,834,939. The business has a 50 day moving average price of $63.55 and a 200 day moving average price of $57.92. The company has a market cap of $30.29 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.60 and a beta of 1.34. eBay has a twelve month low of $40.16 and a twelve month high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.71%. eBay's dividend payout ratio is currently 27.14%.

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.