eBay Inc. (NASDAQ:EBAY) Receives $65.54 Consensus Target Price from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been assigned a consensus rating of “Hold” from the twenty-seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $65.54.

A number of equities analysts have weighed in on EBAY shares. Barclays set a $72.00 price target on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Citigroup raised their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Benchmark lifted their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th.

eBay Stock Performance

Shares of EBAY opened at $67.16 on Friday. The company has a market cap of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The firm has a 50-day moving average of $67.11 and a 200-day moving average of $64.95. eBay has a one year low of $48.52 and a one year high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $1,061,665 over the last 90 days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in eBay in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC bought a new stake in shares of eBay in the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the fourth quarter valued at $33,000. Finally, Quarry LP bought a new position in eBay during the 3rd quarter worth $36,000. Institutional investors and hedge funds 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.