eBay Inc. (NASDAQ:EBAY) Receives Average Rating of “Hold” from Analysts

eBay Inc. (NASDAQ:EBAY) has been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $48.25.

Several analysts recently commented on the stock. TheStreet cut shares of eBay from a “b-” rating to a “c” rating in a research note on Wednesday, July 26th. Morgan Stanley reduced their price objective on shares of eBay from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Wednesday, November 8th. Stifel Nicolaus assumed coverage on shares of eBay in a research note on Tuesday, October 17th. They issued a “hold” rating and a $46.00 price objective for the company. Benchmark reduced their price objective on shares of eBay from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Finally, Jefferies Financial Group reduced their price objective on shares of eBay from $45.00 to $43.00 in a research note on Tuesday, October 10th.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 4,891 shares of eBay stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $43.63, for a total transaction of $213,394.33. Following the completion of the sale, the senior vice president now directly owns 49,845 shares in the company, valued at $2,174,737.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Cornelius Boone sold 4,891 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $43.63, for a total value of $213,394.33. Following the completion of the sale, the senior vice president now directly owns 49,845 shares in the company, valued at $2,174,737.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Edward O. Garcia sold 1,181 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $43.31, for a total transaction of $51,149.11. Following the completion of the sale, the senior vice president now owns 21,728 shares of the company’s stock, valued at $941,039.68. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. grew its stake in eBay by 272.2% during the second quarter. China Universal Asset Management Co. Ltd. now owns 603 shares of the e-commerce company’s stock worth $27,000 after buying an additional 441 shares during the period. SkyView Investment Advisors LLC purchased a new stake in eBay during the first quarter worth approximately $27,000. Union Savings Bank purchased a new stake in eBay during the second quarter worth approximately $28,000. Almanack Investment Partners LLC. purchased a new stake in eBay during the third quarter worth approximately $28,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in eBay during the fourth quarter worth approximately $29,000. 85.87% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Down 2.8 %

Shares of eBay stock opened at $38.73 on Tuesday. eBay has a 1 year low of $37.17 and a 1 year high of $52.23. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market capitalization of $20.61 billion, a P/E ratio of 7.65, a PEG ratio of 2.06 and a beta of 1.33. The company’s fifty day moving average is $42.02 and its two-hundred day moving average is $43.84.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, November 7th. The e-commerce company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.03. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.51 billion. eBay had a net margin of 26.99% and a return on equity of 32.03%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Analysts forecast that eBay will post 3.3 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.58%. eBay’s dividend payout ratio (DPR) is presently 19.76%.

About eBay

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.