StockNews.com started coverage on shares of eBay (NASDAQ:EBAY – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the e-commerce company’s stock.
EBAY has been the topic of a number of other research reports. Susquehanna upped their price target on shares of eBay from $42.00 to $43.00 and gave the stock a neutral rating in a research note on Monday, February 27th. Citigroup assumed coverage on shares of eBay in a research note on Tuesday, December 13th. They issued a neutral rating and a $47.00 price target on the stock. Cowen dropped their price target on shares of eBay from $48.00 to $46.00 in a research note on Thursday, February 23rd. UBS Group upped their price target on shares of eBay from $46.00 to $47.00 and gave the stock a neutral rating in a research note on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $55.00 to $50.00 in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, eBay has an average rating of Hold and an average target price of $49.92.
eBay Stock Performance
Shares of EBAY stock opened at $42.06 on Thursday. eBay has a 12 month low of $35.92 and a 12 month high of $60.38. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.18 and a current ratio of 2.18. The company’s fifty day moving average price is $46.60 and its 200-day moving average price is $43.32.
eBay Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. This is a positive change from eBay’s previous quarterly dividend of $0.22. eBay’s dividend payout ratio is presently -46.95%.
Institutional Investors Weigh In On eBay
Several hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new stake in eBay in the 2nd quarter worth approximately $26,000. Stonebridge Capital Advisors LLC purchased a new stake in eBay in the 4th quarter worth approximately $29,000. Romano Brothers AND Company purchased a new stake in eBay in the 4th quarter worth approximately $29,000. Eagle Bay Advisors LLC increased its holdings in eBay by 49.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 736 shares of the e-commerce company’s stock worth $27,000 after acquiring an additional 242 shares in the last quarter. Finally, Gyon Technologies Capital Management LP purchased a new stake in eBay in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.
eBay, Inc is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. Its technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.
- Get a free copy of the StockNews.com research report on eBay (EBAY)
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