Stifel Nicolaus Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its target price increased by Stifel Nicolaus from $56.00 to $64.00 in a research note published on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the e-commerce company’s stock.

Several other equities analysts have also commented on the company. The Goldman Sachs Group upped their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Wolfe Research assumed coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Bank of America increased their price objective on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Truist Financial boosted their target price on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $62.23.

eBay Stock Down 0.2 %

Shares of NASDAQ:EBAY opened at $62.63 on Monday. The company’s fifty day moving average is $63.03 and its two-hundred day moving average is $56.67. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 1-year low of $37.17 and a 1-year high of $67.80. The stock has a market capitalization of $31.44 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities 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 will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. eBay’s dividend payout ratio is presently 21.51%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction 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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock worth $2,678,424 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the 2nd quarter worth $26,000. Tortoise Investment Management LLC raised its holdings in 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 buying an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of eBay in the first quarter worth about $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of eBay during the 1st quarter valued at about $30,000. Institutional investors and hedge funds 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.