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

Shares of eBay Inc. (NASDAQ:EBAY) have earned a consensus recommendation of “Hold” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $65.46.

A number of research firms have weighed in on EBAY. Barclays set a $72.00 price target on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company lowered their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Citigroup increased their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th.

eBay Trading Down 1.6 %

Shares of NASDAQ:EBAY opened at $66.36 on Friday. The stock has a 50 day moving average of $67.31 and a 200 day moving average of $65.04. The company has a market cap of $30.92 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. eBay’s dividend payout ratio is 29.07%.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,676 shares of company stock valued at $2,613,807 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Smithfield Trust Co boosted its holdings in eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares during the period. Cypress Wealth Services LLC grew its holdings in shares of eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares in the last quarter. Finally, Bailard Inc. boosted its position in eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after buying an additional 169 shares during the period. 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.