eBay (NASDAQ:EBAY) Price Target Raised to $70.00 at Cantor Fitzgerald

eBay (NASDAQ:EBAY) had its price objective lifted by Cantor Fitzgerald from $65.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lowered their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday. Barclays set a $72.00 price target on shares of eBay and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and lowered their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Mizuho boosted their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.33.

eBay Trading Up 2.0 %

Shares of EBAY stock opened at $64.74 on Thursday. eBay has a 1 year low of $48.04 and a 1 year high of $71.61. The firm’s fifty day simple moving average is $66.22 and its 200 day simple moving average is $63.78. The firm has a market capitalization of $31.01 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.79%. eBay’s dividend payout ratio is 29.07%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,149 shares of company stock worth $1,746,065. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in shares of eBay in the 4th quarter valued at about $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the 4th quarter valued at about $33,000. Finally, Quarry LP bought a new stake in shares of eBay in the 3rd quarter valued at about $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.