eBay Inc. (NASDAQ:EBAY) Receives $62.63 Consensus PT from Brokerages

eBay Inc. (NASDAQ:EBAY) has received an average recommendation of “Hold” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $62.63.

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Stifel Nicolaus raised their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Wedbush began coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Finally, Citigroup lifted their price target on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Friday, October 4th. The shares were 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 owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,908 shares of company stock worth $2,110,731 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

A number of large investors have recently made changes to their positions in EBAY. Private Advisor Group LLC lifted its holdings in eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after buying an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department bought a new position in shares of eBay in the third quarter valued at approximately $1,307,000. Federated Hermes Inc. increased its holdings in eBay by 42.9% during the 2nd quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company’s stock worth $29,413,000 after acquiring an additional 164,282 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in eBay during the 3rd quarter worth approximately $865,000. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $65.01 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a twelve month low of $40.16 and a twelve month high of $67.80. The company has a fifty day moving average of $63.12 and a 200-day moving average of $59.52. The firm has a market capitalization of $31.14 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.20 and a beta of 1.35.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

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.