eBay (NASDAQ:EBAY) Shares Up 0.2% – Here’s What Happened

eBay Inc. (NASDAQ:EBAY)’s share price shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $66.98 and last traded at $66.18. 681,376 shares were traded during trading, a decline of 86% from the average session volume of 4,940,013 shares. The stock had previously closed at $66.07.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cantor Fitzgerald boosted their price objective on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. UBS Group increased their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Benchmark raised their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley raised their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $65.21.

eBay Stock Performance

The business has a 50 day moving average price of $66.47 and a two-hundred day moving average price of $64.94. 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 cap of $30.60 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date was Friday, March 14th. 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 1.77%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,176 shares of company stock valued at $3,111,432. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors have recently bought and sold shares of EBAY. Golden State Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in shares of eBay in the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay during the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay during the fourth quarter valued at $33,000. Finally, New Wave Wealth Advisors LLC bought a new stake in eBay in the 4th quarter worth about $36,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.