eBay (NASDAQ:EBAY) Given New $68.00 Price Target at Citigroup

eBay (NASDAQ:EBAY) had its target price raised by Citigroup from $65.00 to $68.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the e-commerce company’s stock.

A number of other research analysts have also issued reports on EBAY. Truist Financial upped their price target 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. The Goldman Sachs Group increased their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. Barclays dropped their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price objective on eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $61.95.

eBay Price Performance

Shares of EBAY traded up $0.53 during mid-day trading on Thursday, hitting $58.04. 1,803,800 shares of the stock were exchanged, compared to its average volume of 5,430,492. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $28.38 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.95 and a beta of 1.32. eBay has a 52-week low of $37.17 and a 52-week high of $67.80. The firm has a 50-day moving average of $63.00 and a two-hundred day moving average of $56.67.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 30.15% and a net margin of 19.68%. On average, equities analysts predict that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business 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 dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock valued at $2,678,424 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay during the 2nd quarter worth about $26,000. Tortoise Investment Management LLC boosted its position in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC purchased a new position in eBay during the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new position in eBay in the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in eBay in the first quarter worth approximately $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.