eBay (NASDAQ:EBAY) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of eBay (NASDAQ:EBAY - Free Report) from a buy rating to a hold rating in a report published on Friday morning.

A number of other brokerages have also weighed in on EBAY. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. UBS Group increased their price target on shares of eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Stifel Nicolaus lowered their target price on shares of eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Susquehanna raised their price objective on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $64.92.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $1.32 during midday trading on Friday, hitting $66.95. The stock had a trading volume of 1,880,737 shares, compared to its average volume of 4,940,258. The company has a market capitalization of $31.20 billion, a PE ratio of 16.82, a P/E/G ratio of 2.22 and a beta of 1.43. eBay has a 1 year low of $48.52 and a 1 year high of $71.61. The stock has a 50 day moving average price of $66.25 and a two-hundred day moving average price of $64.95. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

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 paid a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is 29.07%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value 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 approximately $4,308,946.80. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,310 shares of company stock valued at $3,121,626. Corporate insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On eBay

A number of institutional investors have recently made changes to their positions in EBAY. Golden State Wealth Management LLC acquired a new stake in eBay in the fourth quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of eBay in the 4th quarter worth about $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the fourth quarter worth about $33,000. Finally, New Wave Wealth Advisors LLC acquired a new position in eBay in the fourth quarter worth about $36,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.