eBay (NASDAQ:EBAY) Downgraded to “Hold” Rating by StockNews.com

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

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price target on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group lifted their price target on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wolfe Research initiated coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Daiwa America upgraded shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $62.87.

eBay Trading Up 0.9 %

NASDAQ EBAY opened at $62.43 on Monday. 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 has a one year low of $38.60 and a one year high of $67.80. The firm has a market cap of $29.90 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.03 and a beta of 1.34. The firm has a 50 day simple moving average of $63.24 and a 200-day simple moving average of $57.19.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The stock was 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 owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC acquired a new position in eBay in the first quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay during the second quarter worth about $29,000. Finally, Gradient Investments LLC raised its holdings in shares of eBay by 86.3% in the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after purchasing an additional 284 shares during the period. 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.