eBay (NASDAQ:EBAY) Price Target Raised to $65.00

eBay (NASDAQ:EBAY) had its price objective increased by Jefferies Financial Group from $58.00 to $65.00 in a report released on Tuesday, Benzinga reports. They currently have a hold rating on the e-commerce company’s stock.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. started coverage on eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective on the stock. Wells Fargo & Company upped their target price on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Piper Sandler restated an “overweight” rating and issued a $64.00 price objective (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Robert W. Baird upped their price objective on shares of eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, Benchmark boosted their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.38.

eBay Stock Down 0.1 %

Shares of eBay stock opened at $63.59 on Tuesday. eBay has a 1 year low of $37.17 and a 1 year high of $67.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $31.92 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The business has a 50-day moving average of $62.40 and a two-hundred day moving average of $56.28.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. As a group, equities analysts predict that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The stock was 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. 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 at the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock worth $2,678,424. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after purchasing an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC raised its stake in eBay by 42.3% during the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after acquiring an additional 17,140 shares during the last quarter. Cetera Investment Advisers grew its position in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments increased its stake in shares of eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after acquiring an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC lifted its holdings in shares of eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.