eBay (NASDAQ:EBAY) Trading 1.2% Higher - Time to Buy?

eBay Inc. (NASDAQ:EBAY - Get Free Report)'s stock price traded up 1.2% during trading on Friday . The company traded as high as $66.86 and last traded at $66.26. 3,338,503 shares changed hands during trading, a decline of 33% from the average session volume of 4,959,297 shares. The stock had previously closed at $65.47.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald lifted their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $64.92.

eBay Stock Up 2.2 %

The firm has a market cap of $31.25 billion, a PE ratio of 16.85, a PEG ratio of 2.22 and a beta of 1.43. The business's 50 day moving average price is $66.25 and its 200 day moving average price is $64.95. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The company also recently declared 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 is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. eBay's payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,310 shares of company stock worth $3,121,626. Corporate insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On eBay

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP grew its holdings in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Nordea Investment Management AB increased its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after buying an additional 245,624 shares during the period. Finally, Northern Trust Corp lifted its position in eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after buying an additional 1,030,292 shares during 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.