eBay Inc. (NASDAQ:EBAY) Given Average Rating of "Hold" by Analysts

eBay Inc. (NASDAQ:EBAY - Get Free Report) has been assigned an average rating of "Hold" from the twenty-nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $67.85.

Several equities analysts have recently commented on the company. Needham & Company LLC increased their target price on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Susquehanna raised their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Robert W. Baird upped their price objective on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. TD Securities boosted their price target on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Barclays boosted their price target on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st.

eBay Price Performance

Shares of EBAY stock traded down $0.37 during mid-day trading on Friday, reaching $75.54. The stock had a trading volume of 895,175 shares, compared to its average volume of 5,030,580. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $73.72 and a 200 day simple moving average of $68.67. eBay has a 12-month low of $52.15 and a 12-month high of $79.84. The company has a market cap of $34.82 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the business posted $1.25 EPS. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.54%. eBay's payout ratio is presently 27.62%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 10,974 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer owned 306,651 shares of the company's stock, valued at $23,228,813.25. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president directly owned 92,053 shares in the company, valued at $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 326,183 shares of company stock valued at $23,490,942. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its position in eBay by 5.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company's stock valued at $257,000 after acquiring an additional 224 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock worth $503,000 after acquiring an additional 2,110 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in eBay in the fourth quarter worth $134,000. Steward Partners Investment Advisory LLC boosted its holdings in eBay by 11.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 50,549 shares of the e-commerce company's stock worth $3,132,000 after acquiring an additional 5,209 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in eBay by 5.5% in the 4th quarter. Keybank National Association OH now owns 16,943 shares of the e-commerce company's stock worth $1,050,000 after purchasing an additional 879 shares in the last quarter. 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.