eBay (NASDAQ:EBAY) Rating Lowered to "Hold" at StockNews.com

StockNews.com lowered shares of eBay (NASDAQ:EBAY - Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

A number of other analysts have also commented on EBAY. JPMorgan Chase & Co. upped their price objective on shares of eBay from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Jefferies Financial Group lowered shares of 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 research note on Tuesday, December 10th. Barclays set a $72.00 target price on shares of eBay and gave the company an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley raised their target price on eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, UBS Group lifted their price target on eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.46.

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eBay Price Performance

Shares of NASDAQ:EBAY traded down $3.96 on Tuesday, reaching $62.40. 8,338,448 shares of the company traded hands, compared to its average volume of 4,879,330. The stock has a market capitalization of $29.08 billion, a PE ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company's 50 day moving average is $67.26 and its 200-day moving average is $65.03. eBay has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. 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 (DPR) is presently 29.07%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,676 shares of company stock valued at $2,613,807 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Smithfield Trust Co increased its position in eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after acquiring an additional 153 shares during the period. Cypress Wealth Services LLC grew its position in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after purchasing an additional 157 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares during the period. Capital Investment Advisors LLC raised its position in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after buying an additional 167 shares during the last quarter. Finally, Bailard Inc. raised its position in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock valued at $2,147,000 after buying an additional 169 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.