eBay (NASDAQ:EBAY) Price Target Raised to $70.00

eBay (NASDAQ:EBAY) had its price target increased by Robert W. Baird from $62.00 to $70.00 in a research report released on Friday, Benzinga reports. They currently have an outperform rating on the e-commerce company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler reiterated an overweight rating and set a $64.00 price objective (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on eBay from $55.00 to $63.00 and gave the stock an equal weight rating in a research report on Thursday, October 3rd. Benchmark upped their target price on eBay from $58.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 1st. Susquehanna lifted their target price on eBay from $52.00 to $60.00 and gave the stock a neutral rating in a report on Friday, August 2nd. Finally, Citigroup boosted their price target on eBay from $64.00 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, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, eBay presently has an average rating of Hold and a consensus price target of $58.05.

eBay Stock Up 0.4 %

Shares of EBAY opened at $66.33 on Friday. The stock’s 50-day moving average price is $60.87 and its two-hundred day moving average price is $55.57. eBay has a 12 month low of $37.17 and a 12 month high of $67.72. The company has a market capitalization of $33.30 billion, a PE ratio of 13.21, a PEG ratio of 2.59 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. On average, analysts anticipate that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.63%. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Transactions at eBay

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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,224 shares of company stock worth $2,600,666 in the last 90 days. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently bought and sold shares of the company. Fruth Investment Management bought a new stake in shares of eBay in the third quarter valued at $200,000. Creative Planning raised its stake in eBay by 5.4% in the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock valued at $4,285,000 after acquiring an additional 3,401 shares during the period. Harrington Investments INC lifted its holdings in eBay by 0.6% during the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock valued at $2,434,000 after purchasing an additional 232 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in eBay by 120.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,061 shares of the e-commerce company’s stock worth $69,000 after purchasing an additional 579 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of eBay by 326.7% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 44,992 shares of the e-commerce company’s stock worth $2,929,000 after purchasing an additional 34,448 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

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.