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

Shares of eBay Inc. (NASDAQ:EBAY) have been given a consensus recommendation of “Hold” by the twenty-seven research firms that are currently covering the stock, 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 12 month target price among brokers that have updated their coverage on the stock in the last year is $62.83.

A number of brokerages recently commented on EBAY. Piper Sandler increased their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company reduced their price target on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st.

eBay Trading Down 0.1 %

Shares of EBAY stock opened at $65.06 on Friday. eBay has a 52-week low of $40.28 and a 52-week high of $71.52. The company has a 50-day simple moving average of $63.48 and a two-hundred day simple moving average of $60.85. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $31.16 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.10 and a beta of 1.35.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. eBay’s payout ratio is currently 27.14%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,116 shares of company stock valued at $1,637,705. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of 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 acquiring an additional 335,035 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of eBay by 11.5% in the 2nd quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company’s stock valued at $353,133,000 after purchasing an additional 679,528 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of eBay by 4.1% during the 3rd 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 valued at $354,695,000 after purchasing an additional 216,162 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

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.