eBay Inc. (NASDAQ:EBAY) Receives $65.33 Average Target Price from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have received a consensus recommendation of “Hold” from the twenty-seven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $65.54.

Several research firms have recently weighed in on EBAY. Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Cantor Fitzgerald increased their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, BMO Capital Markets raised their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th.

eBay Price Performance

NASDAQ EBAY opened at $66.55 on Monday. The business’s fifty day moving average price is $66.37 and its 200-day moving average price is $64.00. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a 1-year low of $48.52 and a 1-year high of $71.61.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.74%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock worth $1,390,509 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Integrated Advisors Network LLC bought a new position in shares of eBay in the 4th quarter valued at about $210,000. Ameriflex Group Inc. bought a new position in shares of eBay in the 4th quarter valued at about $38,000. Ascent Group LLC lifted its stake in eBay by 8.2% in the fourth quarter. Ascent Group LLC now owns 13,450 shares of the e-commerce company’s stock worth $833,000 after purchasing an additional 1,024 shares during the last quarter. Mackenzie Financial Corp lifted its stake in eBay by 17.4% in the fourth quarter. Mackenzie Financial Corp now owns 105,665 shares of the e-commerce company’s stock worth $6,546,000 after purchasing an additional 15,639 shares during the last quarter. Finally, Forum Financial Management LP lifted its stake in eBay by 43.2% in the fourth quarter. Forum Financial Management LP now owns 4,680 shares of the e-commerce company’s stock worth $290,000 after purchasing an additional 1,411 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

About eBay

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.