eBay (NASDAQ:EBAY) Price Target Cut to $61.00 by Analysts at Stifel Nicolaus

eBay (NASDAQ:EBAY - Free Report) had its price objective lowered by Stifel Nicolaus from $63.00 to $61.00 in a research report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the e-commerce company's stock.

EBAY has been the topic of several other reports. BMO Capital Markets boosted their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Bank of America cut their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Finally, Benchmark increased their target price on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $64.79.

eBay Price Performance

Shares of eBay stock traded up $0.25 during trading hours on Wednesday, reaching $67.45. The company's stock had a trading volume of 761,742 shares, compared to its average volume of 4,941,079. The firm has a 50 day moving average price of $66.09 and a 200-day moving average price of $64.98. 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 stock has a market cap of $31.43 billion, a P/E ratio of 16.96, a P/E/G ratio of 2.22 and a beta of 1.43. eBay has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.72%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is currently 29.07%.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the 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 sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,310 shares of company stock valued at $3,121,626. Company insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. KBC Group NV boosted its holdings in shares of eBay by 1.6% in the 1st quarter. KBC Group NV now owns 377,735 shares of the e-commerce company's stock valued at $25,583,000 after buying an additional 5,856 shares in the last quarter. Confluence Wealth Services Inc. purchased a new position in eBay in the first quarter worth $474,000. Sunbelt Securities Inc. grew its holdings in eBay by 100.6% in the first quarter. Sunbelt Securities Inc. now owns 4,049 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 2,031 shares during the last quarter. Tsfg LLC increased its position in shares of eBay by 58.8% during the first quarter. Tsfg LLC now owns 602 shares of the e-commerce company's stock worth $41,000 after purchasing an additional 223 shares in the last quarter. Finally, BSW Wealth Partners purchased a new stake in shares of eBay during the 1st quarter valued at $202,000. Hedge funds and other 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.