eBay (NASDAQ:EBAY) Hits New 1-Year High at $59.59

eBay Inc. (NASDAQ:EBAY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.59 and last traded at $59.56, with a volume of 617614 shares. The stock had previously closed at $59.00.

Analysts Set New Price Targets

Several equities research analysts recently commented on EBAY shares. Barclays increased their price objective on eBay from $61.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Citigroup increased their target price on shares of eBay from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. TD Cowen increased their target price on shares of eBay from $42.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, May 2nd. Evercore ISI increased their target price on shares of eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a research report on Thursday, August 1st. Finally, Mizuho increased their target price on shares of eBay from $44.00 to $49.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. One investment 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 company. Based on data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus target price of $56.65.

eBay Trading Up 0.6 %

The firm's fifty day simple moving average is $54.90 and its 200-day simple moving average is $52.10. The stock has a market cap of $29.80 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, August 30th. eBay's payout ratio is currently 21.51%.

Insider Activity at eBay

In related news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company's stock, valued at approximately $220,324.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The shares were 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 approximately $220,324.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of eBay 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 transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,488 shares of company stock valued at $565,910. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC boosted its stake in eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company's stock worth $167,000 after buying an additional 202 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company's stock valued at $405,000 after purchasing an additional 219 shares during the period. Banco Santander S.A. boosted its stake in shares of eBay by 2.1% during the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company's stock valued at $609,000 after purchasing an additional 236 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of eBay by 6.9% during the second quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company's stock valued at $205,000 after purchasing an additional 240 shares during the period. Finally, Tempus Wealth Planning LLC boosted its stake in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company's stock valued at $451,000 after purchasing an additional 254 shares during the period. 87.48% of the stock is currently owned by institutional investors.

About eBay

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.