eBay (NASDAQ:EBAY) Reaches New 1-Year High at $57.69

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $57.69 and last traded at $57.59, with a volume of 595445 shares changing hands. The stock had previously closed at $56.94.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $60.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. StockNews.com raised shares of eBay from a "buy" rating to a "strong-buy" rating in a research report on Thursday, June 27th. Benchmark increased their target price on eBay from $58.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price target on eBay from $38.00 to $46.00 and gave the company a "sell" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $56.65.

eBay Stock Performance

The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12. The stock has a market cap of $29.46 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.58 and a beta of 1.31. The stock's 50 day moving average is $54.44 and its two-hundred day moving average is $51.56.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, August 30th. eBay's dividend payout ratio is currently 21.51%.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares of the company's stock, valued at $3,837,197.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company's stock, valued at $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares of the company's stock, valued at $220,324.58. The disclosure for this sale can be found here. Insiders have sold 10,488 shares of company stock worth $565,910 in the last quarter. Company insiders own 0.38% of the company's stock.

Institutional Trading of eBay

Several hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay during the second quarter worth about $26,000. Tortoise Investment Management LLC grew its holdings in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock worth $28,000 after acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new position in eBay in the 2nd quarter valued at approximately $29,000. Washington Trust Advisors Inc. acquired a new position in eBay during the first quarter worth $30,000. Finally, LRI Investments LLC acquired a new position in eBay during the first quarter worth $29,000. 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.