eBay Inc. (NASDAQ:EBAY) Receives $62.87 Average PT from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have earned a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $62.87.

A number of equities analysts have issued reports on EBAY shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Wells Fargo & Company decreased their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Morgan Stanley raised their target price on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group boosted their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th.

eBay Trading Up 2.8 %

EBAY opened at $64.99 on Friday. 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 52 week low of $40.16 and a 52 week high of $67.80. The stock has a market cap of $31.13 billion, a PE ratio of 16.33, a PEG ratio of 1.66 and a beta of 1.34. The business has a 50 day moving average of $63.57 and a 200-day moving average of $58.08.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of EBAY. Gamco Investors INC. ET AL raised its stake in eBay by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock worth $1,066,000 after acquiring an additional 400 shares during the period. LRI Investments LLC purchased a new position in shares of eBay during the 1st quarter valued at $29,000. Price T Rowe Associates Inc. MD boosted its holdings in eBay by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock worth $37,887,000 after buying an additional 20,712 shares during the period. SVB Wealth LLC boosted its holdings in eBay by 27.1% in the 1st quarter. SVB Wealth LLC now owns 21,463 shares of the e-commerce company’s stock worth $1,133,000 after buying an additional 4,581 shares during the period. Finally, Ascent Group LLC purchased a new stake in eBay in the 1st quarter worth $351,000. 87.48% of the stock is currently owned by hedge funds and other 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.