eBay (NASDAQ:EBAY) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp began coverage on shares of eBay (NASDAQ:EBAY - Free Report) in a research report sent to investors on Thursday. The firm issued a market perform rating on the e-commerce company's stock.

EBAY has been the subject of a number of other research reports. Robert W. Baird lifted their price target on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday. Morgan Stanley lifted their price target on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Citigroup dropped their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $68.04.

eBay Price Performance

NASDAQ EBAY traded up $0.90 during trading hours on Thursday, hitting $77.22. The company had a trading volume of 3,904,980 shares, compared to its average volume of 5,050,136. eBay has a 52 week low of $53.10 and a 52 week high of $79.84. The firm has a 50 day simple moving average of $74.24 and a 200 day simple moving average of $68.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $35.60 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.13 and a beta of 1.26.

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

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. eBay's dividend payout ratio (DPR) is 27.62%.

Insider Buying and Selling at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president owned 123,282 shares of the company's stock, valued at $8,559,469.26. This trade represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 12,644 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total value of $961,196.88. Following the sale, the chief executive officer owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,183 shares of company stock worth $23,490,942 over the last three months. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently modified their holdings of the business. NorthCrest Asset Manangement LLC grew its position in shares of eBay by 2.6% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 17,249 shares of the e-commerce company's stock valued at $1,317,000 after acquiring an additional 440 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of eBay by 147.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 196,942 shares of the e-commerce company's stock valued at $15,038,000 after acquiring an additional 117,490 shares during the period. Wedmont Private Capital grew its stake in shares of eBay by 3.3% during the 2nd quarter. Wedmont Private Capital now owns 9,498 shares of the e-commerce company's stock valued at $725,000 after acquiring an additional 303 shares during the period. Swedbank AB grew its stake in shares of eBay by 1.9% during the 2nd quarter. Swedbank AB now owns 1,553,694 shares of the e-commerce company's stock valued at $115,688,000 after acquiring an additional 28,314 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of eBay by 0.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 62,175 shares of the e-commerce company's stock valued at $4,630,000 after acquiring an additional 416 shares during the period. 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.