eBay Inc. (NASDAQ:EBAY) Receives Consensus Rating of “Hold” from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been assigned an average rating of “Hold” from the twenty-seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $65.13.

EBAY has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald lifted their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Friday. Finally, Bank of America reduced their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 over the last three months. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Several large investors have recently made changes to their positions in EBAY. Meriwether Wealth & Planning LLC boosted its position in shares of eBay by 9.3% in the first quarter. Meriwether Wealth & Planning LLC now owns 16,621 shares of the e-commerce company’s stock valued at $1,126,000 after acquiring an additional 1,415 shares during the period. Retirement Systems of Alabama boosted its holdings in eBay by 29.1% in the 1st quarter. Retirement Systems of Alabama now owns 1,267,717 shares of the e-commerce company’s stock valued at $85,862,000 after purchasing an additional 285,636 shares during the period. Blue Trust Inc. grew its position in eBay by 47.9% in the 1st quarter. Blue Trust Inc. now owns 2,392 shares of the e-commerce company’s stock worth $162,000 after purchasing an additional 775 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of eBay during the 1st quarter worth about $91,000. Finally, Premier Path Wealth Partners LLC raised its position in shares of eBay by 8.8% during the first quarter. Premier Path Wealth Partners LLC now owns 4,271 shares of the e-commerce company’s stock valued at $289,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 1.0 %

EBAY stock opened at $65.63 on Tuesday. The company has a market cap of $30.58 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.22 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $66.25 and a 200-day simple moving average of $64.95. eBay has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is presently 29.07%.

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.