eBay Inc. (NASDAQ:EBAY) Receives Average Rating of “Hold” from Brokerages

eBay Inc. (NASDAQ:EBAY) has been assigned a consensus recommendation of “Hold” from the twenty-seven research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.63.

Several analysts have recently issued reports on EBAY shares. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Citigroup lifted their target price on eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,908 shares of company stock worth $2,110,731 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tortoise Investment Management LLC increased its holdings in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. Quarry LP acquired a new stake in shares of eBay in the third quarter worth $36,000. USA Financial Formulas acquired a new stake in shares of eBay in the third quarter worth $38,000. Northwest Investment Counselors LLC purchased a new position in shares of eBay during the third quarter worth $50,000. Finally, Family Firm Inc. acquired a new position in eBay during the second quarter valued at $55,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 0.9 %

NASDAQ EBAY opened at $64.23 on Wednesday. The stock has a 50 day moving average price of $63.25 and a 200-day moving average price of $59.34. eBay has a one year low of $40.16 and a one year high of $67.80. 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 $30.77 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

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.