eBay (NASDAQ:EBAY) Stock Price Up 1% - Here's Why

eBay Inc. (NASDAQ:EBAY - Get Free Report)'s share price traded up 1% during trading on Thursday . The company traded as high as $66.30 and last traded at $66.14. 599,278 shares were traded during trading, a decline of 88% from the average session volume of 4,946,161 shares. The stock had previously closed at $65.47.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of eBay from a "buy" rating to a "hold" rating in a research report on Friday. Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Barclays set a $72.00 price objective on eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $65.13.

eBay Price Performance

The firm has a market cap of $30.58 billion, a PE ratio of 16.49, a P/E/G ratio of 2.22 and a beta of 1.43. The stock's fifty day moving average price is $66.30 and its 200-day moving average price is $64.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 in the last quarter. Company insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On eBay

Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in eBay during the 4th quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay in the fourth quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay during the 4th quarter worth approximately $33,000. Finally, New Wave Wealth Advisors LLC purchased a new position in eBay in the 4th quarter worth approximately $36,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Company Profile

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.