eBay (NASDAQ:EBAY) Stock Price Up 0.6% on Analyst Upgrade

eBay Inc. (NASDAQ:EBAY)’s share price traded up 0.6% on Tuesday after UBS Group raised their price target on the stock from $72.00 to $73.00. UBS Group currently has a neutral rating on the stock. eBay traded as high as $67.02 and last traded at $66.75. 1,627,727 shares traded hands during trading, a decline of 67% from the average session volume of 4,956,697 shares. The stock had previously closed at $66.32.

EBAY has been the topic of a number of other reports. Wells Fargo & Company dropped their price objective on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Cantor Fitzgerald boosted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on shares of eBay from $63.00 to $61.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Benchmark lifted their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.83.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Callan Capital LLC purchased a new position in eBay during the 1st quarter worth $236,000. TD Private Client Wealth LLC raised its holdings in eBay by 7.1% during the 1st quarter. TD Private Client Wealth LLC now owns 6,877 shares of the e-commerce company’s stock valued at $466,000 after acquiring an additional 454 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of eBay by 7.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,357,892 shares of the e-commerce company’s stock valued at $91,970,000 after acquiring an additional 91,537 shares during the period. Penserra Capital Management LLC increased its holdings in shares of eBay by 0.8% in the first quarter. Penserra Capital Management LLC now owns 82,376 shares of the e-commerce company’s stock worth $5,577,000 after purchasing an additional 641 shares during the period. Finally, Sierra Ocean LLC raised its holdings in shares of eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock valued at $36,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.3 %

The firm’s 50-day simple moving average is $65.95 and its 200-day simple moving average is $64.98. The firm has a market capitalization of $31.32 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

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.