eBay (NASDAQ:EBAY) Cut to Hold at StockNews.com

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

EBAY has been the topic of several other reports. The Goldman Sachs Group raised their target price on shares of eBay from $38.00 to $46.00 and gave the stock a sell rating in a research report on Friday, August 2nd. Bank of America upped their target price on eBay from $53.00 to $57.00 and gave the stock a neutral rating in a research report on Thursday, August 1st. Truist Financial boosted their target price on shares of eBay from $50.00 to $58.00 and gave the stock a hold rating in a research report on Tuesday, August 6th. Benchmark raised their target price on eBay from $58.00 to $65.00 and gave the company a buy rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of eBay in a research report on Tuesday, June 25th. They set a neutral rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $56.90.

eBay Trading Up 4.0 %

Shares of EBAY opened at $63.18 on Monday. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $63.27. The company has a market capitalization of $31.72 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. The stock has a fifty day moving average of $56.34 and a two-hundred day moving average of $53.34. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Sanctuary Advisors LLC acquired a new stake in eBay in the second quarter worth approximately $1,580,000. Cetera Investment Advisers lifted its holdings in shares of eBay by 83.5% in the second quarter. Cetera Investment Advisers now owns 145,247 shares of the e-commerce company’s stock valued at $7,803,000 after buying an additional 66,096 shares during the period. Truist Financial Corp boosted its position in shares of eBay by 45.4% during the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock valued at $58,555,000 after purchasing an additional 340,120 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in eBay by 40,340.0% during the second quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company’s stock valued at $109,000 after purchasing an additional 2,017 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in eBay by 145.9% during the second quarter. NewEdge Advisors LLC now owns 54,112 shares of the e-commerce company’s stock worth $2,907,000 after buying an additional 32,110 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

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.