eBay (NASDAQ:EBAY) Downgraded by Jefferies Financial Group to Underperform

Jefferies Financial Group downgraded shares of eBay (NASDAQ:EBAY - Free Report) from a hold rating to an underperform rating in a research note published on Tuesday, Marketbeat.com reports. They currently have $52.00 price objective on the e-commerce company's stock, down from their prior price objective of $60.00.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Needham & Company LLC restated a "buy" rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Wedbush began coverage on shares of eBay in a report on Monday. They set a "neutral" rating and a $70.00 target price on the stock. Stifel Nicolaus increased their target price on shares of eBay from $56.00 to $64.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $62.63.

eBay Stock Performance

Shares of eBay stock traded down $1.91 during trading hours on Tuesday, reaching $63.23. The company had a trading volume of 5,117,454 shares, compared to its average volume of 5,308,504. The firm has a market cap of $30.29 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. eBay has a one year low of $40.16 and a one year 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. The business has a fifty day simple moving average of $63.54 and a 200 day simple moving average of $58.91.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares of the company's stock, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction 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. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock worth $3,370,974 in the last ninety days. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

Several hedge funds have recently made changes to their positions in EBAY. Ameriprise Financial Inc. raised its stake in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock worth $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. Mirova US LLC raised its position in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company's stock worth $492,657,000 after acquiring an additional 189,505 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock worth $404,879,000 after acquiring an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company's stock valued at $361,159,000 after purchasing an additional 530,941 shares during the period. Finally, LSV Asset Management boosted its position in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after purchasing an additional 1,216,885 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.