eBay (NASDAQ:EBAY) Sets New 12-Month High at $65.47

eBay Inc. (NASDAQ:EBAY)’s stock price hit a new 52-week high during trading on Tuesday . The company 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.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price target for the company. Citigroup upped their target price on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price target on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.29.

eBay Stock Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market cap of $32.45 billion, a PE ratio of 12.97, a P/E/G ratio of 2.45 and a beta of 1.32. The firm’s 50-day simple moving average is $58.79 and its two-hundred day simple moving average is $54.64.

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

eBay Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On eBay

Several hedge funds have recently bought and sold shares of the stock. Bank of Nova Scotia boosted its holdings in eBay by 9.5% during the fourth quarter. Bank of Nova Scotia now owns 64,815 shares of the e-commerce company’s stock worth $2,827,000 after buying an additional 5,624 shares in the last quarter. California State Teachers Retirement System grew its position in shares of eBay by 6.7% during the 4th quarter. California State Teachers Retirement System now owns 925,696 shares of the e-commerce company’s stock valued at $40,379,000 after acquiring an additional 58,180 shares during the period. Jones Financial Companies Lllp increased its stake in shares of eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in eBay by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 209,264 shares of the e-commerce company’s stock worth $9,128,000 after purchasing an additional 4,093 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in eBay in the 4th quarter worth about $1,833,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.