eBay (NASDAQ:EBAY) Stock Rating Upgraded by Sanford C. Bernstein

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

Other analysts also recently issued reports about the stock. Evercore ISI boosted their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, TD Cowen raised their target price on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.87.

eBay Trading Up 1.5 %

Shares of EBAY opened at $62.02 on Tuesday. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The firm has a market cap of $29.71 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.99 and a beta of 1.34. The firm has a 50 day moving average price of $63.12 and a 200-day moving average price of $57.00. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This 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, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EBAY. Vanguard Group Inc. raised its stake in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. Ameriprise Financial Inc. raised its stake in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. M&G Plc purchased a new stake in shares of eBay during the 1st quarter valued at about $97,557,000. Swedbank AB bought a new stake in shares of eBay in the 1st quarter valued at approximately $73,777,000. Finally, Altshuler Shaham Ltd bought a new stake in eBay in the second quarter worth $71,593,000. Hedge funds and other institutional investors 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.