eBay Inc. (NASDAQ:EBAY - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 17,877 call options on the stock. This represents an increase of approximately 49% compared to the typical daily volume of 11,979 call options.
eBay Stock Performance
Shares of NASDAQ:EBAY traded down $0.09 during midday trading on Wednesday, reaching $65.13. 5,012,546 shares of the company traded hands, compared to its average volume of 4,836,546. The firm's fifty day moving average price is $66.79 and its two-hundred day moving average price is $64.32. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 12 month low of $48.52 and a 12 month high of $71.61.
eBay Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay's dividend payout ratio is presently 29.07%.
Insiders Place Their Bets
In other news, SVP Cornelius Boone sold 3,989 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,524 shares of company stock worth $1,390,509. Insiders own 0.38% of the company's stock.
Hedge Funds Weigh In On eBay
A number of large investors have recently modified their holdings of EBAY. Ameriprise Financial Inc. lifted its stake in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of eBay during the 3rd quarter worth $105,506,000. Marshall Wace LLP lifted its stake in eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after purchasing an additional 1,584,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of eBay during the 4th quarter valued at about $96,214,000. 87.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on EBAY. Jefferies Financial Group cut shares of eBay from a "hold" rating to an "underperform" rating and cut their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Barclays set a $72.00 target price on eBay and gave the stock an "overweight" rating in a research note on Thursday, February 27th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Susquehanna boosted their price objective on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $65.54.
Read Our Latest Research Report on EBAY
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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