eBay (NASDAQ:EBAY) Given “Market Perform” Rating at JMP Securities

JMP Securities reiterated their market perform rating on shares of eBay (NASDAQ:EBAY) in a research report sent to investors on Monday,Benzinga reports.

A number of other research analysts have also issued reports on EBAY. Mizuho upped their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barclays lowered their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Finally, Benchmark restated a “buy” rating and set a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.63.

eBay Stock Performance

NASDAQ EBAY opened at $63.64 on Monday. 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 fifty-two week low of $40.16 and a fifty-two week high of $67.80. The business has a fifty day moving average of $63.31 and a 200-day moving average of $59.27. The stock has a market cap of $30.48 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, November 29th. eBay’s payout ratio is 27.14%.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,667 shares of company stock worth $1,516,463. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently modified their holdings of EBAY. Private Advisor Group LLC increased its stake in eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Prospera Financial Services Inc grew its position in shares of eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after buying an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in eBay during the third quarter worth about $1,307,000. Federated Hermes Inc. lifted its holdings in eBay by 42.9% in the second quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company’s stock worth $29,413,000 after acquiring an additional 164,282 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in eBay in the third quarter valued at approximately $865,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.