eBay (NASDAQ:EBAY) Given New $65.00 Price Target at Jefferies Financial Group

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

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Evercore ISI boosted their price target on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Citigroup upped their price objective on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price objective on eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird upped their price objective on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $59.60.

eBay Stock Down 1.3 %

EBAY stock opened at $63.32 on Tuesday. eBay has a 1-year low of $37.17 and a 1-year high of $67.80. The business has a fifty day moving average price of $62.25 and a 200-day moving average price of $56.22. 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 stock has a market capitalization of $31.79 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Equities analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the company’s 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 completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock valued at $2,678,424 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC boosted its stake in eBay by 42.3% during the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after buying an additional 17,140 shares during the last quarter. Cetera Investment Advisers boosted its stake in eBay by 325.4% during the first 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 boosted its stake in eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its stake 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 purchasing an additional 29,624 shares during the last quarter. 87.48% of the stock is owned by 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.