eBay (NASDAQ:EBAY) Stock Price Up 1.8% – Still a Buy?

eBay Inc. (NASDAQ:EBAY) traded up 1.8% during trading on Monday . The stock traded as high as $66.06 and last traded at $65.77. 960,558 shares changed hands during trading, a decline of 81% from the average session volume of 4,940,121 shares. The stock had previously closed at $64.58.

Analysts Set New Price Targets

EBAY has been the topic of several recent analyst reports. Citigroup increased their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Finally, Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $65.21.

eBay Price Performance

The stock’s 50-day moving average is $66.43 and its 200 day moving average is $64.95. 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 company has a market cap of $30.52 billion, a PE ratio of 16.46, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.77%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’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 transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock valued at $3,111,432 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter worth about $27,000. Orion Capital Management LLC acquired a new position in eBay in the 4th quarter worth about $27,000. Pinney & Scofield Inc. purchased a new position in eBay during the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the fourth quarter valued at approximately $33,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of eBay in the fourth quarter valued at approximately $38,000. 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.