Stifel Nicolaus Lowers eBay (NASDAQ:EBAY) Price Target to $63.00

eBay (NASDAQ:EBAY) had its target price decreased by Stifel Nicolaus from $64.00 to $63.00 in a research report sent to investors on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. JPMorgan Chase & Co. raised their price objective on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Mizuho raised their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company increased their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Citigroup upped their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.33.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $63.48 on Thursday. The firm’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $63.66. eBay has a fifty-two week low of $46.98 and a fifty-two week high of $71.61. The company has a market capitalization of $30.41 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 over the last 90 days. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in eBay during the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in shares of eBay during the fourth quarter worth approximately $27,000. Pinney & Scofield Inc. acquired a new stake in eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay in the 4th quarter valued at $33,000. Finally, Quarry LP acquired a new position in eBay in the 3rd quarter valued at $36,000. Institutional investors and hedge funds 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.