eBay Inc. (NASDAQ:EBAY) Given Consensus Recommendation of “Hold” by Brokerages

eBay Inc. (NASDAQ:EBAY) has received a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $56.65.

Several brokerages have recently issued reports on EBAY. Benchmark increased their target price on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays boosted their target price on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Evercore ISI upped their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group upped their price objective on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, May 30th.

eBay Price Performance

Shares of EBAY stock opened at $58.68 on Thursday. The firm has a market cap of $29.46 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.58 and a beta of 1.31. The business’s 50 day moving average price is $54.44 and its 200-day moving average price is $51.56. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $58.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.84%. eBay’s dividend payout ratio is 21.51%.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,488 shares of company stock valued at $565,910. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EBAY. Savant Capital LLC increased its stake in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after acquiring an additional 262 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after purchasing an additional 17,143 shares during the period. SteelPeak Wealth LLC increased its position in shares of eBay by 42.3% during the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after purchasing an additional 17,140 shares during the last quarter. Raymond James & Associates raised its holdings in eBay by 6.9% during the 1st quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock valued at $46,124,000 after buying an additional 56,148 shares during the period. Finally, Cetera Investment Advisers lifted its position in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the last quarter. 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.