eBay (NASDAQ:EBAY) Trading Up 0.4% - Here's Why

eBay Inc. (NASDAQ:EBAY - Get Free Report)'s share price shot up 0.4% during mid-day trading on Thursday . The company traded as high as $62.65 and last traded at $62.23. 1,207,759 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 4,924,236 shares. The stock had previously closed at $61.96.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent analyst reports. Susquehanna raised their price target on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Benchmark increased their price target on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Citigroup boosted their price target on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price objective on eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $65.21.

eBay Price Performance

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 $30.79 billion, a P/E ratio of 16.60, a PEG ratio of 2.22 and a beta of 1.43. The business's 50-day simple moving average is $66.50 and its 200 day simple moving average is $64.93.

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eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued 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 annualized dividend and a yield of 1.76%. eBay's dividend payout ratio (DPR) is 29.07%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were 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 approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,176 shares of company stock valued at $3,111,432. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its holdings in eBay by 2.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 17,832 shares of the e-commerce company's stock valued at $1,208,000 after purchasing an additional 364 shares during the last quarter. Northstar Advisory Group LLC grew its stake in eBay by 111.2% in the 1st quarter. Northstar Advisory Group LLC now owns 43,721 shares of the e-commerce company's stock worth $2,961,000 after acquiring an additional 23,023 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of eBay by 45.3% during the first quarter. Capital Investment Advisors LLC now owns 6,142 shares of the e-commerce company's stock worth $416,000 after acquiring an additional 1,916 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of eBay during the first quarter valued at approximately $39,338,000. Finally, City Center Advisors LLC boosted its holdings in shares of eBay by 9.2% in the first quarter. City Center Advisors LLC now owns 4,728 shares of the e-commerce company's stock valued at $320,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

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.