eBay (NASDAQ:EBAY) Given “Market Perform” Rating at JMP Securities

JMP Securities restated their market perform rating on shares of eBay (NASDAQ:EBAY) in a research report released on Monday,Benzinga reports.

Several other analysts have also recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Barclays lowered their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley lifted their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.63.

eBay Stock Down 0.2 %

Shares of NASDAQ:EBAY opened at $64.11 on Monday. The business has a fifty day simple moving average of $63.19 and a 200 day simple moving average of $59.37. eBay has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a market cap of $30.71 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.20 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay’s payout ratio is 27.14%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the transaction, the chief executive officer now directly owns 553,666 shares in the company, valued at $36,852,008.96. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,908 shares of company stock worth $2,110,731. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares in the last quarter. Prospera Financial Services Inc grew its stake in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after buying an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department bought a new stake in eBay during the 3rd quarter valued at $1,307,000. Federated Hermes Inc. lifted its position in shares of eBay by 42.9% during the second quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company’s stock worth $29,413,000 after acquiring an additional 164,282 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of eBay in the third quarter worth $865,000. 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.