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

eBay Inc. (NASDAQ:EBAY) has been assigned a consensus rating of “Hold” from the twenty-seven ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $62.92.

EBAY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Piper Sandler increased their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Truist Financial increased their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

eBay Stock Down 5.0 %

Shares of NASDAQ:EBAY opened at $65.90 on Friday. eBay has a 52 week low of $40.16 and a 52 week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $31.57 billion, a PE ratio of 16.56, a PEG ratio of 2.22 and a beta of 1.35. The company has a 50 day moving average price of $63.23 and a two-hundred day moving average price of $60.61.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,283 shares of company stock worth $1,715,462 over the last quarter. 0.38% of the stock is currently owned by insiders.

Institutional Trading of eBay

A number of hedge funds have recently modified their holdings of EBAY. Quarry LP acquired a new stake in eBay in the 3rd quarter worth about $36,000. USA Financial Formulas bought a new stake in eBay in the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC bought a new stake in eBay in the 3rd quarter valued at about $50,000. Versant Capital Management Inc boosted its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings in eBay by 276.0% in the 3rd 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 period. 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.