eBay (NASDAQ:EBAY) Upgraded at StockNews.com

StockNews.com upgraded shares of eBay (NASDAQ:EBAY) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other research analysts have also recently weighed in on EBAY. Morgan Stanley reduced their price target on shares of eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Susquehanna upped their target price on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price objective on eBay from $63.00 to $61.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Barclays set a $72.00 target price on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.79.

eBay Trading Up 0.9 %

NASDAQ:EBAY opened at $67.83 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50-day simple moving average is $66.05 and its 200-day simple moving average is $64.97. eBay has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The stock has a market capitalization of $31.61 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 7,500 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the transaction, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several institutional investors and hedge funds have recently bought and sold shares of EBAY. Wealth Enhancement Advisory Services LLC boosted its stake in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares in the last quarter. Kestra Investment Management LLC raised its holdings in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of eBay during the fourth quarter worth $8,644,000. 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.