eBay Inc. (NASDAQ:EBAY - Get Free Report) shares traded up 2.3% on Tuesday . The stock traded as high as $67.12 and last traded at $67.13. 926,705 shares were traded during trading, a decline of 81% from the average session volume of 4,936,214 shares. The stock had previously closed at $65.63.
Analyst Ratings Changes
EBAY has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Benchmark boosted their price target on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. StockNews.com lowered eBay from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. BMO Capital Markets lifted 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. Finally, Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $64.79.
Get Our Latest Stock Analysis on EBAY
eBay Stock Up 0.4 %
The stock has a market cap of $31.45 billion, a PE ratio of 16.96, a PEG 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 company has a 50 day moving average price of $66.09 and a two-hundred day moving average price of $64.98.
eBay Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.72%. eBay's payout ratio is 29.07%.
Insider Buying and Selling at eBay
In related news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $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. Company insiders own 0.38% of the company's stock.
Institutional Investors Weigh In On eBay
Large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of eBay in the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Pinney & Scofield Inc. purchased a new position in shares of eBay during the 4th quarter worth $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the 4th quarter valued at $33,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of eBay in the 4th quarter worth $36,000. 87.48% of the stock is currently owned by institutional investors.
About eBay
(
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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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