eBay (NASDAQ:EBAY) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of eBay (NASDAQ:EBAY) from a buy rating to a hold rating in a report issued on Monday.

A number of other research analysts also recently issued reports on EBAY. Jefferies Financial Group raised their price target on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. UBS Group lowered their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Robert W. Baird cut their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Morgan Stanley increased their price target on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Susquehanna lifted their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

Shares of EBAY stock opened at $62.30 on Monday. The stock’s 50-day moving average is $63.42 and its two-hundred day moving average is $57.37. 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 1 year low of $38.97 and a 1 year high of $67.80. The firm has a market cap of $29.84 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.02 and a beta of 1.34.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.73%. eBay’s dividend payout ratio is presently 27.14%.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay in the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC increased its stake 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 worth $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of eBay during the 2nd quarter worth approximately $29,000. LRI Investments LLC purchased a new stake in eBay in the 1st quarter valued at approximately $29,000. Finally, USA Financial Formulas acquired a new stake in eBay during the 3rd quarter valued at $38,000. Institutional investors and hedge funds 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.