eBay Inc. (NASDAQ:EBAY) Receives Consensus Recommendation of “Hold” from Analysts

eBay Inc. (NASDAQ:EBAY) has earned an average rating of “Hold” from the twenty-five brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $62.87.

A number of research analysts recently issued reports on EBAY shares. Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price objective on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Wells Fargo & Company reduced their target price on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th.

eBay Price Performance

Shares of EBAY opened at $64.31 on Friday. The company has a market cap of $30.80 billion, a P/E ratio of 16.16, a PEG ratio of 1.70 and a beta of 1.34. eBay has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average price is $63.59 and its 200 day moving average price is $58.22.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. eBay’s payout ratio is currently 27.14%.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in eBay by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 784,378 shares of the e-commerce company’s stock valued at $52,459,000 after purchasing an additional 99,561 shares in the last quarter. Tidal Investments LLC increased its position in shares of eBay by 7.5% in the third quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company’s stock valued at $4,376,000 after buying an additional 4,677 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of eBay during the 3rd quarter worth $241,000. Arvest Bank Trust Division purchased a new stake in shares of eBay in the 3rd quarter worth about $9,716,000. Finally, World Investment Advisors LLC acquired a new stake in eBay in the 3rd quarter valued at about $2,947,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.