eBay (NASDAQ:EBAY) Given New $54.00 Price Target at JPMorgan Chase & Co.

eBay (NASDAQ:EBAY - Free Report) had its target price lowered by JPMorgan Chase & Co. from $60.00 to $54.00 in a report issued on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the e-commerce company's stock.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Susquehanna raised their price target on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, Bank of America reduced their target price on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $65.21.

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eBay Trading Up 3.4 %

NASDAQ:EBAY traded up $2.11 during trading hours on Tuesday, hitting $64.58. The company had a trading volume of 5,545,795 shares, compared to its average volume of 4,952,542. eBay has a 1 year low of $48.52 and a 1 year high of $71.61. The company has a market cap of $30.09 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a 50-day moving average of $66.50 and a 200 day moving average of $64.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is an increase 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 annualized dividend and a yield of 1.80%. eBay's dividend payout ratio is 29.07%.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,176 shares of company stock worth $3,111,432. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock worth $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Kestra Investment Management LLC grew its stake in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after buying an additional 7,074 shares during the last quarter. Van ECK Associates Corp grew its stake in eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after buying an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp increased its position in eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock worth $503,000 after buying an additional 2,110 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in eBay in the fourth quarter valued at approximately $8,644,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.