eBay (NASDAQ:EBAY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of eBay (NASDAQ:EBAY) from a market perform rating to an outperform rating in a research report report published on Tuesday, MarketBeat.com reports. The brokerage currently has $70.00 price objective on the e-commerce company’s stock.

A number of other research analysts also recently weighed in on the company. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Morgan Stanley lifted their price target on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. UBS Group dropped their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Price Performance

Shares of NASDAQ EBAY opened at $62.02 on Tuesday. The firm has a market capitalization of $29.71 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.99 and a beta of 1.34. The firm’s 50-day moving average price is $63.12 and its 200-day moving average price is $57.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 1-year low of $37.17 and a 1-year high of $67.80.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 over the last quarter. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of eBay during the 1st quarter valued at $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay in the first quarter worth $30,000. Hedge funds and other institutional investors 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.