eBay (NASDAQ:EBAY) PT Raised to $65.00

eBay (NASDAQ:EBAY) had its target price boosted by Bank of America from $57.00 to $65.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

A number of other research firms have also commented on EBAY. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They set a peer perform rating for the company. Benchmark boosted their price target on shares of eBay from $58.00 to $65.00 and gave the company a buy rating in a report on Thursday, August 1st. Susquehanna boosted their price target on shares of eBay from $52.00 to $60.00 and gave the company a neutral rating in a report on Friday, August 2nd. Wells Fargo & Company decreased their price target on shares of eBay from $57.00 to $55.00 and set an equal weight rating for the company in a report on Thursday, August 1st. Finally, Cantor Fitzgerald reissued a neutral rating and issued a $62.00 price target on shares of eBay in a report on Monday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $57.29.

eBay Stock Performance

EBAY stock opened at $63.94 on Tuesday. The company has a 50 day moving average price of $58.17 and a 200 day moving average price of $54.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $65.44. The stock has a market capitalization of $32.10 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its earnings results 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 net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. Analysts forecast that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.69%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other eBay 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 transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of institutional investors and hedge funds have recently modified their holdings of EBAY. Vanguard Group Inc. raised its holdings in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. M&G Plc bought a new stake in shares of eBay in the 1st quarter valued at about $97,557,000. Swedbank AB bought a new stake in shares of eBay in the 1st quarter valued at about $73,777,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of eBay in the 2nd quarter valued at about $71,593,000. 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.