eBay Inc. (NASDAQ:EBAY) Given Consensus Recommendation of “Hold” by Analysts

Shares of eBay Inc. (NASDAQ:EBAY) have been assigned a consensus rating of “Hold” from the twenty-seven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $62.63.

A number of research firms have recently weighed in on EBAY. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Bank of America dropped their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reduced their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Monday. Finally, Truist Financial boosted their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,908 shares of company stock valued at $2,110,731 in the last quarter. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in eBay by 164.0% in the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock worth $56,000 after purchasing an additional 664 shares during the period. Fifth Third Bancorp grew its stake in eBay by 22.4% during the second quarter. Fifth Third Bancorp now owns 34,145 shares of the e-commerce company’s stock valued at $1,834,000 after acquiring an additional 6,259 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in eBay in the 2nd quarter valued at $212,000. Atria Wealth Solutions Inc. increased its holdings in eBay by 26.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 20,212 shares of the e-commerce company’s stock valued at $1,086,000 after acquiring an additional 4,229 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in eBay in the 2nd quarter worth $262,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 0.9 %

NASDAQ EBAY opened at $64.23 on Wednesday. The firm has a market cap of $30.77 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay has a 1-year low of $40.16 and a 1-year high of $67.80. The stock has a 50-day moving average of $63.25 and a 200-day moving average of $59.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is 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.