eBay (NASDAQ:EBAY) Price Target Increased to $65.00 by Analysts at Benchmark

eBay (NASDAQ:EBAY) had its price target raised by Benchmark from $58.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the e-commerce company’s stock.

Other research analysts have also recently issued research reports about the stock. Truist Financial upped their target price on shares of eBay from $48.00 to $50.00 and gave the company a hold rating in a research report on Monday, May 6th. Evercore ISI upped their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an in-line rating in a report on Thursday. Mizuho lifted their target price on shares of eBay from $44.00 to $49.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Robert W. Baird upped their price target on eBay from $58.00 to $62.00 and gave the stock an outperform rating in a research note on Thursday. Finally, Citigroup lifted their price objective on eBay from $64.00 to $65.00 and gave the company a buy rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $56.25.

eBay Trading Down 0.4 %

Shares of EBAY stock traded down $0.21 on Thursday, hitting $56.02. 2,806,530 shares of the stock traded hands, compared to its average volume of 5,727,332. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay has a twelve month low of $37.17 and a twelve month high of $57.68. The firm’s 50-day moving average price is $53.69 and its two-hundred day moving average price is $50.07. The stock has a market capitalization of $28.12 billion, a PE ratio of 11.19, a PEG ratio of 2.55 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 28.89% and a net margin of 26.41%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, analysts anticipate that eBay will post 3.73 EPS for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.93%. eBay’s payout ratio is currently 21.51%.

Insider Transactions at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the firm’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 value of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,488 shares of company stock valued at $565,910. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay in the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its position in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in eBay in the 2nd quarter valued at $29,000. Washington Trust Advisors Inc. purchased a new position in eBay during the 1st quarter worth $30,000. Finally, LRI Investments LLC purchased a new position in eBay during the 1st quarter worth $29,000. 87.48% of the stock is owned by hedge funds and other 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.