eBay Inc (NASDAQ:EBAY) has been given a consensus recommendation of “Hold” by the thirty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.52.
EBAY has been the topic of a number of recent analyst reports. Raymond James raised their price target on eBay from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $41.00 target price on shares of eBay in a research report on Monday, July 15th. SunTrust Banks reissued a “hold” rating and set a $36.00 price target on shares of eBay in a research note on Tuesday, July 16th. KeyCorp lifted their price target on eBay from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, Credit Suisse Group lifted their price target on eBay from $43.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th.
Shares of NASDAQ EBAY traded down $0.14 during mid-day trading on Friday, reaching $39.50. The company had a trading volume of 3,171,156 shares, compared to its average volume of 9,023,986. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31. eBay has a one year low of $26.01 and a one year high of $42.00. The firm has a market cap of $33.27 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a 50-day moving average price of $40.18.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.42%. eBay’s dividend payout ratio is 24.14%.
In other eBay news, SVP Kristin A. Yetto sold 6,254 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.85, for a total value of $255,475.90. Following the transaction, the senior vice president now owns 73,700 shares of the company’s stock, valued at $3,010,645. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Devin Wenig sold 149,563 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $41.49, for a total value of $6,205,368.87. Following the completion of the transaction, the chief executive officer now directly owns 1,034,592 shares in the company, valued at approximately $42,925,222.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 232,942 shares of company stock valued at $9,661,957. Corporate insiders own 6.22% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EBAY. Virtus ETF Advisers LLC purchased a new position in shares of eBay during the 2nd quarter valued at $25,000. Paragon Capital Management LLC purchased a new position in shares of eBay during the 1st quarter valued at $28,000. Cable Hill Partners LLC lifted its position in shares of eBay by 64.6% during the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 295 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of eBay during the 2nd quarter valued at $30,000. Finally, Brand Asset Management Group Inc. lifted its position in shares of eBay by 69.6% during the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 355 shares during the last quarter. 89.00% of the stock is currently owned by institutional investors and hedge funds.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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