eBay (NASDAQ:EBAY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of eBay (NASDAQ:EBAY) from a hold rating to a buy rating in a report published on Saturday.

Other research analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Susquehanna upped their target price on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Finally, Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $64.79.

eBay Stock Down 2.2 %

Shares of NASDAQ EBAY opened at $66.32 on Friday. 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 has a 12 month low of $48.52 and a 12 month high of $71.61. The firm has a market capitalization of $30.91 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm has a fifty day simple moving average of $65.99 and a two-hundred day simple moving average of $64.96.

eBay Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,310 shares of company stock valued at $3,121,626. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter valued at $27,000. Pinney & Scofield Inc. bought a new position in eBay in the 4th quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in eBay in the 4th quarter worth $33,000. Finally, New Wave Wealth Advisors LLC bought a new position in eBay in the 4th quarter worth $36,000. 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.