eBay (NASDAQ:EBAY) Given New $65.00 Price Target at Barclays

eBay (NASDAQ:EBAY) had its target price raised by Barclays from $61.00 to $65.00 in a research report sent to investors on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the e-commerce company’s stock.

Several other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $55.00 to $58.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on eBay from $45.00 to $47.00 and gave the company an equal weight rating in a research report on Thursday, April 4th. Benchmark restated a buy rating and set a $58.00 target price on shares of eBay in a report on Thursday. Susquehanna upped their price target on shares of eBay from $43.00 to $52.00 and gave the company a neutral rating in a report on Thursday, February 29th. Finally, Piper Sandler raised their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $51.35.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $49.65 on Thursday. The firm’s 50 day simple moving average is $50.81 and its 200 day simple moving average is $44.86. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. As a group, sell-side analysts forecast that eBay will post 3.75 earnings per share for the current year.

eBay announced that its board has approved a stock repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Cambridge Investment Research Advisors Inc. boosted its stake in shares of eBay by 3.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,186 shares of the e-commerce company’s stock worth $2,125,000 after acquiring an additional 1,658 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in eBay by 3.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 147,661 shares of the e-commerce company’s stock worth $6,510,000 after purchasing an additional 5,149 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of eBay by 109.7% in the third quarter. Stratos Wealth Partners LTD. now owns 10,263 shares of the e-commerce company’s stock valued at $453,000 after purchasing an additional 5,370 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of eBay by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 4,762,716 shares of the e-commerce company’s stock valued at $209,988,000 after purchasing an additional 113,771 shares during the period. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of eBay during the 3rd quarter worth about $288,000. Institutional investors 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.