eBay Inc. (NASDAQ:EBAY) Receives Consensus Recommendation of “Hold” from Analysts

eBay Inc. (NASDAQ:EBAY) has been assigned an average rating of “Hold” from the twenty-seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $62.83.

EBAY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wedbush assumed coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. TD Cowen raised their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in eBay during the 3rd quarter worth $36,000. USA Financial Formulas acquired a new stake in shares of eBay during the third quarter valued at about $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the third quarter worth about $50,000. Versant Capital Management Inc lifted its stake in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 1.7 %

NASDAQ:EBAY opened at $66.19 on Friday. eBay has a 52-week low of $40.33 and a 52-week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $63.63 and a 200-day simple moving average of $61.03. The company has a market capitalization of $31.71 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is currently 27.14%.

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.