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

Shares of eBay Inc. (NASDAQ:EBAY) have been given a consensus recommendation of “Hold” by the twenty-five research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $62.87.

Several equities research analysts have commented on EBAY shares. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Citigroup increased their target price on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Bank of America decreased their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 target price on shares of eBay in a research note on Monday, October 7th.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay in the second quarter worth $26,000. Tortoise Investment Management LLC increased its stake in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC bought a new stake in shares of eBay in the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter valued at about $29,000. Finally, Gradient Investments LLC grew its holdings in shares of eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Up 3.0 %

eBay stock opened at $63.24 on Friday. The business has a fifty day moving average price of $63.55 and a 200-day moving average price of $57.86. The stock has a market capitalization of $30.29 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.59 and a beta of 1.34. eBay has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) 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.