eBay Inc. (NASDAQ:EBAY) Receives $56.90 Consensus PT from Analysts

Shares of eBay Inc. (NASDAQ:EBAY) have received a consensus rating of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.90.

A number of brokerages have weighed in on EBAY. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Wells Fargo & Company lowered their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley raised their target price on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. JPMorgan Chase & Co. initiated coverage on shares of eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. Finally, Benchmark raised their price target on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Insider Buying and Selling at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

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

eBay Stock Up 0.4 %

EBAY stock opened at $63.44 on Monday. The stock has a market capitalization of $31.02 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a 1-year low of $37.17 and a 1-year high of $63.90. The business has a fifty day moving average price of $56.55 and a 200-day moving average price of $53.48.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. eBay’s payout ratio is presently 21.51%.

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.