eBay (NASDAQ:EBAY) Price Target Raised to $72.00

eBay (NASDAQ:EBAY) had its target price upped by UBS Group from $66.00 to $72.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

Several other research analysts also recently weighed in on EBAY. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Wedbush started coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $63.38.

eBay Trading Down 2.5 %

Shares of EBAY stock opened at $69.14 on Monday. The firm has a fifty day moving average price of $66.24 and a 200-day moving average price of $63.67. eBay has a 1 year low of $46.53 and a 1 year high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $33.12 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. acquired a new position in eBay in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the 4th quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in eBay during the 3rd quarter worth $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.