eBay Inc. (NASDAQ:EBAY - Get Free Report) shares traded up 0.4% during trading on Wednesday . The stock traded as high as $60.52 and last traded at $59.76. 1,912,155 shares changed hands during trading, a decline of 61% from the average session volume of 4,901,449 shares. The stock had previously closed at $59.52.
Analyst Ratings Changes
A number of analysts have commented on EBAY shares. Barclays set a $72.00 target price on eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley upped their target price on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. UBS Group lifted their price target on shares of eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Bank of America lowered their price objective on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald lifted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.21.
Read Our Latest Stock Report on EBAY
eBay Price Performance
The firm has a 50-day moving average of $66.50 and a 200-day moving average of $64.92. 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 stock has a market cap of $30.09 billion, a PE ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is 29.07%.
Insider Buying and Selling
In related news, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,176 shares of company stock worth $3,111,432. 0.38% of the stock is owned by insiders.
Institutional Investors Weigh In On eBay
A number of hedge funds have recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in shares of eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay during the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in eBay during the 4th quarter valued at $33,000. Finally, New Wave Wealth Advisors LLC bought a new stake in eBay in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.
About eBay
(
Get Free Report)
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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