eBay Inc. (NASDAQ:EBAY) Receives $65.33 Average PT from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have earned an average recommendation of “Hold” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.54.

A number of equities analysts have weighed in on EBAY shares. Wells Fargo & Company upped their target price on eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. UBS Group upped their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their price objective on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th.

eBay Stock Up 3.9 %

EBAY opened at $70.51 on Monday. The firm has a market capitalization of $32.86 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay has a one year low of $48.52 and a one year high of $71.61. The company has a fifty day moving average price of $66.60 and a 200-day moving average price of $64.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,524 shares of company stock valued at $1,390,509 over the last ninety days. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after buying an additional 1,063 shares in the last quarter. Kestra Investment Management LLC raised its position in shares of eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department purchased a new position in shares of eBay in the 3rd quarter valued at approximately $1,307,000. Prospera Financial Services Inc boosted its position in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the period. 87.48% of the stock is currently owned by institutional investors.

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.