eBay (NASDAQ:EBAY) Price Target Raised to $57.00 at Wells Fargo & Company

eBay (NASDAQ:EBAY) had its price objective increased by Wells Fargo & Company from $47.00 to $57.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the e-commerce company’s stock.

Several other equities analysts have also recently weighed in on EBAY. BMO Capital Markets raised their price objective on eBay from $49.00 to $53.00 and gave the company a market perform rating in a research note on Wednesday, February 28th. Jefferies Financial Group raised their price target on shares of eBay from $50.00 to $55.00 and gave the company a hold rating in a research report on Thursday, May 30th. Truist Financial upped their price objective on shares of eBay from $48.00 to $50.00 and gave the stock a hold rating in a research report on Monday, May 6th. Susquehanna lifted their target price on shares of eBay from $43.00 to $52.00 and gave the stock a neutral rating in a research report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on eBay from $55.00 to $58.00 and gave the company a buy rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $53.71.

eBay Stock Up 1.3 %

Shares of NASDAQ EBAY opened at $53.72 on Tuesday. 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 has a 1 year low of $37.17 and a 1 year high of $55.35. The stock has a market capitalization of $26.97 billion, a P/E ratio of 10.70, a P/E/G ratio of 2.47 and a beta of 1.32. The company has a 50-day moving average price of $52.47 and a 200-day moving average price of $48.24.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. On average, equities research analysts forecast that eBay will post 3.72 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, May 31st. eBay’s payout ratio is currently 21.51%.

Insider Activity

In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Large investors have recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. purchased a new stake in shares of eBay in the 1st quarter valued at about $30,000. LRI Investments LLC bought a new position in shares of eBay in the first quarter worth approximately $29,000. CVA Family Office LLC purchased a new stake in eBay in the fourth quarter valued at approximately $25,000. American National Bank raised its stake in eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares during the last quarter. 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.