eBay (NASDAQ:EBAY) Reaches New 52-Week High at $65.47

eBay Inc. (NASDAQ:EBAY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $65.47 and last traded at $64.91, with a volume of 82926 shares traded. The stock had previously closed at $65.11.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Benchmark increased their price objective on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup lifted their target price on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Daiwa America upgraded eBay to a “hold” rating in a research note on Wednesday, August 14th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. assumed coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.29.

eBay Stock Down 0.7 %

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $58.79 and a 200-day simple moving average of $54.64. The firm has a market cap of $32.45 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. On average, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. eBay’s payout ratio is 21.51%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its position in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC bought a new position in eBay during the first quarter valued at $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay in the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. bought a new stake in shares of eBay in the 1st quarter worth about $30,000. 87.48% of the stock is owned by institutional investors.

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.