eBay Inc. (NASDAQ:EBAY) Given Consensus Rating of “Hold” by Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been given a consensus rating of “Hold” by the twenty-seven brokerages that are covering the firm, MarketBeat Ratings reports. Two research 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $62.92.

Several equities analysts have recently commented on EBAY shares. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Bank of America lowered their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Citigroup upped their price target on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Wedbush started coverage on shares of eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company.

eBay Stock Performance

NASDAQ EBAY opened at $65.90 on Friday. The firm has a 50-day moving average price of $63.23 and a two-hundred day moving average price of $60.61. The company has a market capitalization of $31.57 billion, a P/E ratio of 16.56, a P/E/G ratio of 2.22 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 12-month low of $40.16 and a 12-month high of $71.52.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,283 shares of company stock worth $1,715,462 over the last quarter. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. Nordea Investment Management AB increased its holdings in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after buying an additional 530,941 shares during the last quarter. Pacer Advisors Inc. increased its holdings in eBay by 11.5% during the second quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company’s stock worth $353,133,000 after buying an additional 679,528 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in eBay by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after buying an additional 216,162 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.