eBay (NASDAQ:EBAY) Hits New 1-Year High - Here's What Happened

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $79.54 and last traded at $79.41, with a volume of 2287804 shares. The stock had previously closed at $78.61.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Barclays upped their target price on shares of eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets increased their price objective on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Finally, Cfra Research upgraded shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $67.73.

eBay Trading Down 0.6%

The company's 50 day moving average price is $69.54 and its 200 day moving average price is $67.09. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $35.70 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, May 30th. eBay's payout ratio is 27.62%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $79.06, for a total value of $999,634.64. Following the completion of the sale, the chief executive officer now owns 325,053 shares in the company, valued at approximately $25,698,690.18. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were 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 owns 94,392 shares of the company's stock, valued at $6,329,927.52. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 296,279 shares of company stock valued at $20,872,193. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Kovitz Investment Group Partners LLC grew its position in shares of eBay by 0.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock worth $1,560,000 after buying an additional 143 shares during the period. Smithfield Trust Co boosted its stake in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares during the period. Rosenberg Matthew Hamilton boosted its stake in eBay by 36.5% in the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock worth $41,000 after purchasing an additional 160 shares during the period. Capital Investment Advisory Services LLC lifted its position in eBay by 4.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock worth $285,000 after buying an additional 160 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds 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.