eBay (NASDAQ:EBAY) Shares Up 0.5% – Time to Buy?

eBay Inc. (NASDAQ:EBAY)’s stock price shot up 0.5% during trading on Friday . The company traded as high as $63.35 and last traded at $62.78. 899,724 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,929,721 shares. The stock had previously closed at $62.47.

Analyst Ratings Changes

Several brokerages have recently weighed in on EBAY. JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday. Stifel Nicolaus dropped their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America cut 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. Finally, BMO Capital Markets increased their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.21.

eBay Trading Up 4.1 %

The firm has a 50-day moving average price of $66.55 and a 200-day moving average price of $64.92. The stock has a market cap of $30.31 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current 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 $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.78%. eBay’s dividend payout ratio is 29.07%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now owns 590,108 shares of the company’s stock, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock worth $3,111,432 over the last quarter. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Several large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in eBay during the 4th quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new stake in shares of eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the 4th quarter valued at about $33,000. Finally, Quarry LP purchased a new position in eBay in the third quarter worth about $36,000. Hedge funds and other 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.