eBay (NASDAQ:EBAY) Shares Up 0.6% After Analyst Upgrade

eBay Inc. (NASDAQ:EBAY)’s stock price rose 0.6% during trading on Tuesday after UBS Group raised their price target on the stock from $72.00 to $73.00. UBS Group currently has a neutral rating on the stock. eBay traded as high as $67.02 and last traded at $66.75. Approximately 1,627,727 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 4,956,697 shares. The stock had previously closed at $66.32.

EBAY has been the subject of a number of other research reports. Citigroup reduced their price target on eBay from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Susquehanna raised their target price on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Sanford C. Bernstein lowered eBay from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.83.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,310 shares of company stock valued at $3,121,626. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of eBay during the 4th quarter worth about $27,000. Orion Capital Management LLC bought a new stake in eBay during the fourth quarter worth about $27,000. Pinney & Scofield Inc. bought a new stake in eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter valued at $33,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in eBay in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 1.3 %

The stock has a market cap of $31.32 billion, a P/E ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day moving average is $65.95 and its two-hundred day moving average is $64.98.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. eBay’s dividend payout ratio is presently 29.07%.

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.