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

JMP Securities reiterated their market perform rating on shares of eBay (NASDAQ:EBAY) in a research report sent to investors on Thursday morning,Benzinga reports.

A number of other research analysts also recently weighed in on the company. Barclays lifted their price target on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC upped their target price on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a report on Thursday. Citigroup dropped their price objective on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group lifted their target price on shares of eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. Finally, BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average target price of $67.12.

eBay Price Performance

Shares of eBay stock opened at $68.60 on Thursday. eBay has a 52 week low of $49.25 and a 52 week high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $65.83 and its two-hundred day moving average price is $65.00. The stock has a market cap of $31.97 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.25 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,310 shares of company stock valued at $3,121,626. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Several large investors have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC bought a new stake in eBay in the 4th quarter valued at $27,000. Abound Financial LLC bought a new stake in eBay in the 1st quarter valued at $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay in the 4th quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of eBay during the 4th quarter worth about $33,000. 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.