eBay Inc. (NASDAQ:EBAY - Get Free Report) shares rose 0.5% on Friday . The stock traded as high as $63.35 and last traded at $62.78. Approximately 899,724 shares were traded during trading, a decline of 82% from the average daily volume of 4,929,721 shares. The stock had previously closed at $62.47.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Barclays set a $72.00 target price on eBay and gave the company an "overweight" rating in a report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Susquehanna increased their price target on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, Cantor Fitzgerald boosted their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.21.
View Our Latest Stock Report on eBay
eBay Price Performance
The stock has a market cap of $30.52 billion, a price-to-earnings ratio of 16.46, 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 stock's 50 day simple moving average is $66.47 and its two-hundred day simple moving average is $64.94.
eBay Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.77%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay's payout ratio is presently 29.07%.
Insider Buying and Selling at eBay
In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock worth $3,111,432 over the last three months. Company insiders own 0.38% of the company's stock.
Hedge Funds Weigh In On eBay
Hedge funds have recently added to or reduced their stakes in the stock. Smithfield Trust Co increased its holdings in shares of eBay by 3.6% in 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 in the last quarter. Cypress Wealth Services LLC raised its stake in shares of eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after purchasing an additional 157 shares during the period. IFP Advisors Inc boosted its position in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after buying an additional 163 shares during the period. Capital Investment Advisors LLC grew its holdings 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 worth $262,000 after buying an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its position in eBay by 0.5% in the 4th 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. Institutional investors and hedge funds own 87.48% of the company's stock.
About eBay
(
Get Free Report)
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.
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