eBay (NASDAQ:EBAY) Upgraded at StockNews.com

StockNews.com upgraded shares of eBay (NASDAQ:EBAY - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. Bank of America cut their price target on eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Benchmark boosted their target price on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Susquehanna boosted their target price on eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Barclays set a $72.00 target price on eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their target price on eBay from $63.00 to $61.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $64.83.

eBay Stock Performance

Shares of EBAY traded up $0.88 during mid-day trading on Friday, reaching $67.20. 7,765,251 shares of the company's stock traded hands, compared to its average volume of 4,976,352. The business's 50-day moving average price is $65.95 and its 200-day moving average price is $64.98. The stock has a market capitalization of $31.32 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 12 month low of $48.52 and a 12 month high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. eBay's payout ratio is currently 29.07%.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The shares were 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 approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction on 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 directly owns 94,392 shares of the company's stock, valued at approximately $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 90 days, insiders sold 46,310 shares of company stock valued at $3,121,626. Insiders own 0.38% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EBAY. Pine Valley Investments Ltd Liability Co bought a new position in eBay in the 3rd quarter worth approximately $203,000. World Investment Advisors LLC bought a new position in eBay in the 3rd quarter worth approximately $2,947,000. Arvest Bank Trust Division bought a new position in eBay in the 3rd quarter worth approximately $9,716,000. Wilmington Savings Fund Society FSB bought a new position in eBay in the 3rd quarter worth approximately $241,000. Finally, Tidal Investments LLC increased its position in eBay by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after buying an additional 4,677 shares during the period. 87.48% of the stock is owned by institutional investors.

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.