eBay (NASDAQ:EBAY) Earns Market Perform Rating from JMP Securities

JMP Securities restated their market perform rating on shares of eBay (NASDAQ:EBAY) in a report published on Monday morning,Benzinga reports.

Several other analysts have also recently commented on the company. The Goldman Sachs Group raised their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Robert W. Baird lowered their price target on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Piper Sandler boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $62.63.

eBay Trading Down 0.3 %

Shares of NASDAQ:EBAY opened at $63.64 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $63.31 and its 200 day moving average price is $59.27. The company has a market cap of $30.48 billion, a PE ratio of 15.99, a P/E/G ratio of 2.20 and a beta of 1.35. eBay has a fifty-two week low of $40.16 and a fifty-two week high of $67.80.

eBay Announces Dividend

The firm also recently announced 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 1.70%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,667 shares of company stock worth $1,516,463 in the last 90 days. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC lifted its stake in shares of eBay by 894.2% in the second 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 last quarter. Hobbs Group Advisors LLC bought a new stake in eBay during the second quarter valued at about $29,000. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at about $36,000. USA Financial Formulas bought a new position in shares of eBay in the third quarter worth about $38,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of eBay during the 3rd quarter worth about $50,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.