eBay (NASDAQ:EBAY) Trading 0.5% Higher – Time to Buy?

eBay Inc. (NASDAQ:EBAY) shares shot up 0.5% on Friday . The stock traded as high as $63.35 and last traded at $62.78. 899,724 shares were traded during mid-day trading, a decline of 82% from the average session volume of 4,929,721 shares. The stock had previously closed at $62.47.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Bank of America dropped their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets upped their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.21.

eBay Price Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $30.09 billion, a P/E ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43. The company’s 50 day moving average price is $66.50 and its 200 day moving average price is $64.92.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 7,500 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the sale, the chief executive officer now directly owns 590,108 shares of the company’s stock, valued at approximately $39,153,665.80. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $3,111,432 over the last 90 days. 0.38% of the stock is owned by insiders.

Institutional Trading of eBay

A number of institutional investors have recently bought and sold shares of the business. M&T Bank Corp grew its stake in shares of eBay by 1.2% during the third quarter. M&T Bank Corp now owns 44,174 shares of the e-commerce company’s stock worth $2,876,000 after purchasing an additional 540 shares during the period. TD Private Client Wealth LLC grew its position in shares of eBay by 10.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,462 shares of the e-commerce company’s stock worth $356,000 after buying an additional 538 shares during the period. Pine Valley Investments Ltd Liability Co acquired a new position in shares of eBay during the 3rd quarter worth about $203,000. Sanctuary Advisors LLC increased its stake in shares of eBay by 72.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,310 shares of the e-commerce company’s stock valued at $3,308,000 after acquiring an additional 21,940 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in eBay during the 3rd quarter worth approximately $2,947,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.