eBay Inc. (NASDAQ:EBAY) Receives $65.13 Average Price Target from Brokerages

eBay Inc. (NASDAQ:EBAY) has received a consensus rating of “Hold” from the twenty-seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $64.79.

A number of equities research analysts recently commented on EBAY shares. BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Morgan Stanley lowered their price objective on shares of eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research note on Saturday. Benchmark upped their price target on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th.

eBay Price Performance

Shares of eBay stock opened at $67.83 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a one year low of $48.52 and a one year high of $71.61. The business’s 50 day simple moving average is $66.05 and its two-hundred day simple moving average is $64.97. The stock has a market capitalization of $31.61 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new position in eBay in the fourth quarter worth about $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay during the 4th quarter valued at about $33,000. Finally, New Wave Wealth Advisors LLC bought a new stake in eBay during the fourth quarter valued at approximately $36,000. Institutional investors 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.