eBay Inc. (NASDAQ:EBAY) Receives Consensus Recommendation of “Hold” from Analysts

eBay Inc. (NASDAQ:EBAY) has earned a consensus recommendation of “Hold” from the twenty-five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $62.87.

Several equities research analysts recently weighed in on EBAY shares. UBS Group reduced their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Truist Financial upped their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Barclays lowered their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st.

eBay Stock Up 3.0 %

Shares of EBAY stock opened at $63.24 on Friday. eBay has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $30.29 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.59 and a beta of 1.34. The company has a 50 day simple moving average of $63.55 and a two-hundred day simple moving average of $57.86.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at $36,963,542.19. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last ninety days. 0.38% of the stock is owned by insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Gamco Investors INC. ET AL grew its position in eBay by 2.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock valued at $1,066,000 after buying an additional 400 shares during the last quarter. LRI Investments LLC purchased a new stake in eBay during the 1st quarter worth about $29,000. Price T Rowe Associates Inc. MD lifted its stake in shares of eBay by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock valued at $37,887,000 after buying an additional 20,712 shares during the period. SVB Wealth LLC boosted its holdings in shares of eBay by 27.1% during the first quarter. SVB Wealth LLC now owns 21,463 shares of the e-commerce company’s stock worth $1,133,000 after purchasing an additional 4,581 shares during the last quarter. Finally, Ascent Group LLC acquired a new position in shares of eBay during the 1st quarter valued at about $351,000. Institutional investors and hedge funds 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.