eBay (NASDAQ:EBAY) Now Covered by Analysts at Wedbush

Wedbush initiated coverage on shares of eBay (NASDAQ:EBAY) in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm issued a neutral rating and a $70.00 price target on the e-commerce company’s stock.

A number of other equities analysts have also recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Morgan Stanley increased their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays dropped their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.17.

eBay Stock Performance

NASDAQ EBAY opened at $65.14 on Monday. eBay has a 1 year low of $40.16 and a 1 year high of $67.80. The firm has a market capitalization of $31.20 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.67 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $58.91.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock worth $3,370,974 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EBAY. Retirement Systems of Alabama grew its stake in eBay by 27.0% in the third quarter. Retirement Systems of Alabama now owns 986,165 shares of the e-commerce company’s stock valued at $64,209,000 after acquiring an additional 209,433 shares during the period. Franklin Resources Inc. lifted its holdings in shares of eBay by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 784,378 shares of the e-commerce company’s stock worth $52,459,000 after purchasing an additional 99,561 shares in the last quarter. Tidal Investments LLC grew its position in eBay by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company’s stock valued at $4,376,000 after purchasing an additional 4,677 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in eBay during the 3rd quarter valued at $241,000. Finally, Arvest Bank Trust Division acquired a new position in eBay during the third quarter worth $9,716,000. 87.48% of the stock is 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.