eBay (NASDAQ:EBAY) Downgraded to “Hold” at Deutsche Bank

Deutsche Bank cut shares of eBay (NASDAQ:EBAY) to a hold rating in a report released on Monday, FinViz reports. Deutsche Bank currently has $42.00 target price on the e-commerce company’s stock, down from their previous target price of $46.00.

Several other research analysts have also commented on EBAY. Citigroup lifted their target price on eBay from $40.00 to $48.00 and gave the stock a buy rating in a research report on Monday, September 9th. Benchmark reiterated a buy rating and issued a $47.00 target price (down previously from $50.00) on shares of eBay in a research report on Wednesday. Cowen set a $36.00 target price on eBay and gave the stock a hold rating in a research report on Monday. Aegis reiterated a buy rating and issued a $45.00 target price (up previously from $43.00) on shares of eBay in a research report on Thursday, July 18th. Finally, KeyCorp lifted their target price on eBay from $45.00 to $47.00 and gave the stock an overweight rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. eBay has a consensus rating of Hold and an average target price of $42.11.

NASDAQ EBAY traded up $0.26 during mid-day trading on Monday, reaching $39.20. 7,015,677 shares of the company’s stock traded hands, compared to its average volume of 9,556,483. The company has a market cap of $32.93 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.88 and a beta of 1.38. The company has a fifty day simple moving average of $39.32 and a 200-day simple moving average of $38.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89. eBay has a 1-year low of $26.01 and a 1-year high of $42.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.43%. eBay’s dividend payout ratio (DPR) is 24.14%.

In related news, CEO Devin Wenig sold 149,563 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $41.49, for a total value of $6,205,368.87. Following the sale, the chief executive officer now owns 1,034,592 shares of the company’s stock, valued at approximately $42,925,222.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Brian J. Doerger sold 19,014 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $41.38, for a total value of $786,799.32. Following the completion of the sale, the chief accounting officer now directly owns 24,844 shares in the company, valued at approximately $1,028,044.72. The disclosure for this sale can be found here. In the last three months, insiders sold 226,688 shares of company stock worth $9,407,581. Company insiders own 5.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus ETF Advisers LLC bought a new stake in shares of eBay in the 2nd quarter worth approximately $25,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of eBay in the 2nd quarter worth approximately $30,000. Carroll Financial Associates Inc. raised its stake in eBay by 121.1% during the 2nd quarter. Carroll Financial Associates Inc. now owns 975 shares of the e-commerce company’s stock valued at $38,000 after acquiring an additional 534 shares in the last quarter. Doyle Wealth Management bought a new stake in eBay during the 2nd quarter valued at $39,000. Finally, Coastal Investment Advisors Inc. raised its stake in eBay by 168.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,044 shares of the e-commerce company’s stock valued at $41,000 after acquiring an additional 655 shares in the last quarter. 86.31% of the stock is currently owned by institutional investors and hedge funds.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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