eBay (NASDAQ:EBAY) Sets New 1-Year High at $60.01

eBay Inc. (NASDAQ:EBAY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $60.01 and last traded at $59.90, with a volume of 1132101 shares changing hands. The stock had previously closed at $59.43.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EBAY shares. The Goldman Sachs Group increased their target price on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a report on Friday, August 2nd. Cantor Fitzgerald began coverage on eBay in a research note on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price target for the company. Robert W. Baird upped their price target on eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley increased their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $56.90.

eBay Stock Up 4.0 %

The stock has a fifty day moving average of $56.13 and a 200 day moving average of $53.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $31.72 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s payout ratio is 21.51%.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Van ECK Associates Corp increased its stake in eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after buying an additional 17,143 shares in the last quarter. SteelPeak Wealth LLC lifted its position in eBay by 42.3% in the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after buying an additional 17,140 shares during the last quarter. Cetera Investment Advisers boosted its stake in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the period. PGGM Investments boosted its stake in shares of eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after purchasing an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC grew its holdings in shares of eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after purchasing an additional 29,624 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.