eBay (NASDAQ:EBAY) Shares Up 0.2% – Here’s Why

Shares of eBay Inc. (NASDAQ:EBAY) traded up 0.2% during trading on Tuesday . The company traded as high as $66.98 and last traded at $66.18. 681,376 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,940,013 shares. The stock had previously closed at $66.07.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Wednesday, April 9th. Bank of America reduced their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Finally, UBS Group raised their price objective on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.21.

eBay Stock Performance

The company’s 50-day simple moving average is $66.38 and its 200 day simple moving average is $64.95. The stock has a market cap of $30.51 billion, a P/E ratio of 16.45, a PEG ratio of 2.22 and a beta of 1.43. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.77%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,143 shares of company stock valued at $3,044,359 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently bought and sold shares of the company. Ritholtz Wealth Management lifted its position in shares of eBay by 1.4% during the 1st quarter. Ritholtz Wealth Management now owns 64,015 shares of the e-commerce company’s stock valued at $4,336,000 after buying an additional 879 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in eBay by 2.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company’s stock worth $5,381,000 after purchasing an additional 2,095 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of eBay by 114.4% in the first quarter. NorthCrest Asset Manangement LLC now owns 16,809 shares of the e-commerce company’s stock worth $1,138,000 after purchasing an additional 8,969 shares in the last quarter. Legacy Trust bought a new stake in shares of eBay in the first quarter valued at approximately $207,000. Finally, Fifth Third Bancorp raised its position in shares of eBay by 6.2% in the first quarter. Fifth Third Bancorp now owns 27,779 shares of the e-commerce company’s stock valued at $1,881,000 after purchasing an additional 1,630 shares during the period. 87.48% of the stock is owned by institutional investors.

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.