Wells Fargo & Company Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its price target raised by Wells Fargo & Company from $61.00 to $64.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the e-commerce company’s stock.

Several other research firms have also commented on EBAY. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Piper Sandler boosted their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $65.33.

eBay Price Performance

EBAY opened at $63.48 on Thursday. eBay has a 1 year low of $46.98 and a 1 year high of $71.61. The stock has a market capitalization of $30.41 billion, a PE ratio of 15.95, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $63.66.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,746,065 over the last 90 days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EBAY. Wealth Enhancement Advisory Services LLC grew its holdings in eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after acquiring an additional 1,063 shares during the period. Kestra Investment Management LLC boosted its position in shares of eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares during the last quarter. Trustmark National Bank Trust Department bought a new stake in eBay in the third quarter valued at about $1,307,000. Prospera Financial Services Inc increased its holdings in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after buying an additional 139,315 shares during the period. Institutional investors own 87.48% of the company’s stock.

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.