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

eBay Inc. (NASDAQ:EBAY) has been given an average recommendation of “Hold” by the twenty-seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.54.

A number of equities research analysts have issued reports on EBAY shares. Citigroup raised their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective on the stock. Bank of America lowered their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock worth $1,061,665 over the last ninety days. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new stake in eBay in the fourth quarter valued at $27,000. Pinney & Scofield Inc. acquired a new position in shares of eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the 4th quarter worth about $33,000. Finally, Quarry LP acquired a new stake in shares of eBay in the 3rd quarter valued at about $36,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

EBAY opened at $66.81 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 52-week low of $48.52 and a 52-week high of $71.61. The firm has a market cap of $31.13 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The business’s fifty day moving average is $67.09 and its 200-day moving average is $64.84.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is currently 29.07%.

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.