eBay (NASDAQ:EBAY) Price Target Lowered to $63.00 at Stifel Nicolaus

eBay (NASDAQ:EBAY) had its price objective lowered by Stifel Nicolaus from $64.00 to $63.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the e-commerce company’s stock.

Several other research analysts have also recently issued reports on EBAY. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a report on Thursday. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lowered their target price on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.33.

eBay Trading Down 8.2 %

NASDAQ:EBAY opened at $63.48 on Thursday. The stock has a market cap of $30.41 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.22 and a beta of 1.35. 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 1 year low of $46.98 and a 1 year high of $71.61. The business has a fifty day moving average of $66.23 and a 200-day moving average of $63.66.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 27.14%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

A number of institutional investors have recently modified their holdings of EBAY. Smithfield Trust Co lifted its holdings in eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC lifted its stake in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after acquiring an additional 157 shares during the period. IFP Advisors Inc increased its position in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares during the period. Capital Investment Advisors LLC raised its holdings in eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares during the last quarter. Finally, Bailard Inc. boosted its stake in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after purchasing an additional 169 shares during the last quarter. 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.