eBay (NASDAQ:EBAY) Cut to “Underperform” at Jefferies Financial Group

Jefferies Financial Group downgraded shares of eBay (NASDAQ:EBAY) from a hold rating to an underperform rating in a research note released on Tuesday, MarketBeat Ratings reports. Jefferies Financial Group currently has $52.00 price target on the e-commerce company’s stock, down from their prior price target of $60.00.

EBAY has been the subject of several other reports. Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Citigroup increased their price objective on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $62.63.

eBay Stock Performance

Shares of eBay stock opened at $63.23 on Tuesday. The company has a 50 day moving average price of $63.54 and a 200 day moving average price of $58.91. The firm has a market capitalization of $30.29 billion, a P/E ratio of 15.89, a PEG ratio of 1.67 and a beta of 1.35. 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 52 week low of $40.16 and a 52 week high of $67.80.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is presently 27.14%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock valued at $3,370,974 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares in the last quarter. Optas LLC grew its position in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares in the last quarter. Davis Investment Partners LLC increased its holdings in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after purchasing an additional 180 shares during the last quarter. Arvest Investments Inc. lifted its position in eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after buying an additional 183 shares in the last quarter. Finally, Marco Investment Management LLC lifted its position in eBay by 2.0% during the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock worth $673,000 after buying an additional 200 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.