eBay (NASDAQ:EBAY) Trading 0.2% Higher - Time to Buy?

eBay Inc. (NASDAQ:EBAY - Get Free Report) traded up 0.2% during mid-day trading on Tuesday . The stock traded as high as $63.21 and last traded at $61.28. 1,361,286 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 4,886,016 shares. The stock had previously closed at $61.19.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EBAY shares. 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. Citigroup increased their price objective on eBay from $75.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Morgan Stanley upped their price target on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Finally, Wells Fargo & Company reduced their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.21.

eBay Trading Up 3.4 %

The business's fifty day moving average price is $66.50 and its 200 day moving average price is $64.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $30.09 billion, a PE ratio of 16.23, a P/E/G ratio of 2.22 and a beta of 1.43.

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eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.80%. eBay's dividend payout ratio is 29.07%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares of the company's stock, valued at $39,153,665.80. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock worth $3,111,432 in the last 90 days. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of institutional investors have recently added to or reduced their stakes in EBAY. Wealth Enhancement Advisory Services LLC raised its stake in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock valued at $3,489,000 after purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC increased its stake in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after buying an additional 7,074 shares during the period. Van ECK Associates Corp lifted its holdings in eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp boosted its position in eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after buying an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of eBay during the fourth quarter valued at about $8,644,000. 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.