eBay Inc. (NASDAQ:EBAY) Receives $65.13 Average Price Target from Analysts

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have earned an average recommendation of "Hold" from the twenty-seven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $64.79.

Several brokerages have commented on EBAY. Bank of America dropped their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Barclays set a $72.00 price objective on shares of eBay and gave the company an "overweight" rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their target price on shares of eBay from $63.00 to $61.00 and set a "hold" rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 27th.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares during the period. Independent Franchise Partners LLP boosted its position in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after acquiring an additional 335,035 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after acquiring an additional 245,624 shares during the period. Finally, Northern Trust Corp raised its position in eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after purchasing an additional 1,030,292 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

EBAY traded up $0.01 during trading on Tuesday, reaching $67.21. 855,423 shares of the company were exchanged, compared to its average volume of 4,941,401. 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 stock has a market cap of $31.32 billion, a P/E ratio of 16.89, a PEG ratio of 2.22 and a beta of 1.43. eBay has a 52 week low of $48.52 and a 52 week high of $71.61. The firm has a 50 day moving average of $66.09 and a 200 day moving average of $64.98.

eBay Increases Dividend

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

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.