eBay (NASDAQ:EBAY) Earns "Market Perform" Rating from JMP Securities

JMP Securities restated their market perform rating on shares of eBay (NASDAQ:EBAY - Free Report) in a research note issued to investors on Monday morning,Benzinga reports.

Several other research firms also recently weighed in on EBAY. Barclays cut their price objective on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Bank of America reduced their price target on eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Sanford C. Bernstein raised eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Cantor Fitzgerald reiterated a "neutral" rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.63.

eBay Price Performance

Shares of EBAY traded down $0.20 during mid-day trading on Monday, reaching $63.64. The company had a trading volume of 4,413,681 shares, compared to its average volume of 5,295,875. The company's 50 day simple moving average is $63.31 and its 200 day simple moving average is $59.27. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.20 and a beta of 1.35. eBay has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, November 29th. eBay's dividend payout ratio (DPR) is currently 27.14%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares of the company's stock, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company's stock, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,641 shares of company stock worth $1,773,224. Corporate insiders own 0.38% of the company's stock.

Institutional Trading of eBay

Several institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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 worth $3,418,000 after purchasing an additional 153 shares in the last quarter. Optas LLC boosted its stake in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock worth $2,219,000 after buying an additional 171 shares during the last quarter. Davis Investment Partners LLC grew its holdings in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock valued at $1,531,000 after acquiring an additional 180 shares in the last quarter. Arvest Investments Inc. increased its position in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock valued at $990,000 after acquiring an additional 183 shares during the last quarter. Finally, Marco Investment Management LLC increased its position in shares of eBay by 2.0% during the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company's stock valued at $673,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

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.