eBay (NASDAQ:EBAY) Upgraded by Citizens Jmp to Hold Rating

Citizens Jmp upgraded shares of eBay (NASDAQ:EBAY - Free Report) to a hold rating in a research report report published on Thursday, Marketbeat reports.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Barclays lifted 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. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Wedbush reissued a "neutral" rating and set a $72.00 price objective on shares of eBay in a research report on Wednesday, June 11th. Finally, JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $68.12.

eBay Stock Down 0.1%

EBAY traded down $0.11 on Thursday, hitting $77.11. The company had a trading volume of 3,593,286 shares, compared to its average volume of 5,044,332. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. eBay has a 52-week low of $53.10 and a 52-week high of $79.84. The stock has a fifty day simple moving average of $74.24 and a 200-day simple moving average of $68.86. The firm has a market capitalization of $35.55 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.13 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business earned $1.25 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts expect that eBay will post 3.86 EPS for the current fiscal 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 yield of 1.50%. eBay's dividend payout ratio (DPR) is 27.62%.

Insider Activity at eBay

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

Institutional Trading of eBay

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Wealth Preservation Advisors LLC acquired a new position in eBay in the 1st quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in shares of eBay in the 4th quarter valued at approximately $27,000. Abound Financial LLC purchased a new stake in shares of eBay during the first quarter worth approximately $29,000. Pinney & Scofield Inc. acquired a new stake in eBay in the fourth quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. purchased a new position in eBay in the fourth quarter worth approximately $33,000. Hedge funds and other 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.