eBay (NASDAQ:EBAY) Upgraded at StockNews.com

StockNews.com upgraded shares of eBay (NASDAQ:EBAY) from a hold rating to a buy rating in a report issued on Saturday.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Susquehanna boosted their price objective on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Finally, Morgan Stanley dropped their price target on eBay from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $64.79.

eBay Stock Down 2.2 %

EBAY stock opened at $66.32 on Friday. The stock’s fifty day simple moving average is $65.99 and its two-hundred day simple moving average is $64.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 1-year low of $48.52 and a 1-year high of $71.61. The stock has a market cap of $30.91 billion, a P/E ratio of 16.66, a P/E/G ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were 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 approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock valued at $3,121,626 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently made changes to their positions in EBAY. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of eBay in the 3rd quarter valued at $203,000. World Investment Advisors LLC bought a new stake in eBay during the 3rd quarter valued at $2,947,000. Arvest Bank Trust Division bought a new stake in eBay during the 3rd quarter valued at $9,716,000. Wilmington Savings Fund Society FSB bought a new stake in eBay during the 3rd quarter valued at $241,000. Finally, Tidal Investments LLC raised its holdings in eBay by 7.5% during the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company’s stock valued at $4,376,000 after buying an additional 4,677 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.