eBay (NASDAQ:EBAY) Trading 0.1% Higher on Analyst Upgrade

eBay Inc. (NASDAQ:EBAY) traded up 0.1% during trading on Friday after Morgan Stanley raised their price target on the stock from $70.00 to $74.00. Morgan Stanley currently has an overweight rating on the stock. eBay traded as high as $68.88 and last traded at $67.75. 1,615,089 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 4,982,718 shares. The stock had previously closed at $67.67.

EBAY has been the topic of several other research reports. Sanford C. Bernstein cut shares of eBay from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Robert W. Baird boosted their target price on eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America cut their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Cantor Fitzgerald increased their target price on eBay from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.12.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,310 shares of company stock worth $3,121,626. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new stake in shares of eBay during the fourth quarter valued at about $27,000. Abound Financial LLC bought a new stake in shares of eBay in the 1st quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new position in shares of eBay in the 4th quarter worth approximately $31,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of eBay during the 4th quarter worth approximately $33,000. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

The company has a market cap of $31.97 billion, a PE ratio of 17.24, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $65.83 and its 200 day moving average is $65.02.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio (DPR) 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.