eBay (NASDAQ:EBAY) Stock Price Up 0.7% - Time to Buy?

eBay Inc. (NASDAQ:EBAY - Get Free Report)'s stock price traded up 0.7% during trading on Thursday . The stock traded as high as $66.97 and last traded at $67.11. 962,380 shares were traded during trading, a decline of 81% from the average session volume of 4,943,445 shares. The stock had previously closed at $66.63.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on eBay from $63.00 to $61.00 and set a "hold" rating for the company in a research note on Wednesday. UBS Group boosted their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Sanford C. Bernstein cut shares of eBay from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $70.00 to $65.00 in a research note on Tuesday. Needham & Company LLC restated a "buy" rating and set a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Finally, Barclays set a $72.00 price target on shares of eBay and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average price target of $64.79.

eBay Trading Up 0.9 %

The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $31.61 billion, a PE ratio of 17.04, a P/E/G ratio of 2.22 and a beta of 1.43. The business has a fifty day moving average price of $66.05 and a 200 day moving average price of $64.98.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, March 14th. eBay's payout ratio is currently 29.07%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % 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. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in eBay in the fourth quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay during the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. acquired a new position in eBay during the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new position in eBay during the 4th quarter worth $33,000. Finally, Ameriflex Group Inc. bought a new position in eBay during the 4th quarter worth $38,000. 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.