eBay (NASDAQ:EBAY) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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

Several other equities analysts have also recently issued reports on EBAY. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a research note on Thursday. Bank of America reduced their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.33.

eBay Stock Down 8.2 %

eBay stock opened at $63.48 on Thursday. eBay has a 12 month low of $46.98 and a 12 month high of $71.61. The stock has a fifty day simple moving average of $66.23 and a two-hundred day simple moving average of $63.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $30.41 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is currently 27.14%.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new position in eBay in the fourth quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in shares of eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in eBay during the fourth quarter valued at approximately $33,000. Finally, Quarry LP acquired a new stake in eBay in the third quarter valued at approximately $36,000. 87.48% of the stock is 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.