eBay (NASDAQ:EBAY) Price Target Lowered to $58.00 at JPMorgan Chase & Co.

eBay (NASDAQ:EBAY) had its target price decreased by JPMorgan Chase & Co. from $60.00 to $58.00 in a research note published on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the e-commerce company’s stock.

EBAY has been the subject of a number of other research reports. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday. The Goldman Sachs Group boosted their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Finally, Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $61.86.

eBay Stock Performance

NASDAQ:EBAY opened at $58.11 on Friday. The stock has a 50 day simple moving average of $62.99 and a 200 day simple moving average of $56.82. The stock has a market cap of $28.42 billion, a P/E ratio of 14.60, a PEG ratio of 1.79 and a beta of 1.34. eBay has a 1-year low of $37.17 and a 1-year high of $67.80. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.86%. eBay’s dividend payout ratio is presently 27.14%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,391 shares of company stock worth $2,678,424. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Vanguard Group Inc. boosted its stake in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the period. Mirova US LLC boosted its position in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after acquiring an additional 189,505 shares during the last quarter. Victory Capital Management Inc. grew its holdings in eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

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.