eBay (NASDAQ:EBAY) Stock Price Up 0.7% - Still a Buy?

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) were up 0.7% on Thursday . The stock traded as high as $66.97 and last traded at $67.11. Approximately 962,380 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 4,943,445 shares. The stock had previously closed at $66.63.

Wall Street Analyst Weigh In

Several research firms have issued reports on EBAY. Susquehanna raised their price target on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Wells Fargo & Company decreased their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $64.79.

eBay Stock Down 2.2 %

The stock has a 50 day moving average price of $66.05 and a 200 day moving average price of $64.96. The company has a market cap of $30.91 billion, a P/E ratio of 16.66, a P/E/G 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay's dividend payout ratio is presently 29.07%.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 in the last quarter. Insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in eBay during the fourth quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay during the fourth quarter valued at approximately $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay in the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the 4th quarter worth approximately $33,000. Finally, Ameriflex Group Inc. purchased a new position in eBay during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds 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.