Analysts Set eBay Inc. (NASDAQ:EBAY) Target Price at $62.87

eBay Inc. (NASDAQ:EBAY) has received a consensus rating of “Hold” from the twenty-five analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $62.87.

Several equities analysts have recently weighed in on EBAY shares. Truist Financial lifted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Finally, Stifel Nicolaus increased their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the 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 completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last three months. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay during the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its holdings in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC purchased a new stake in eBay in the first quarter worth $29,000. Hobbs Group Advisors LLC bought a new stake in eBay in the second quarter valued at $29,000. Finally, Gradient Investments LLC increased its position in eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Up 2.8 %

eBay stock opened at $64.99 on Friday. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.66 and a beta of 1.34. The firm has a 50 day simple moving average of $63.57 and a 200 day simple moving average of $58.08. eBay has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

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.