eBay (NASDAQ:EBAY) Price Target Raised to $62.00

eBay (NASDAQ:EBAY) had its target price upped by Robert W. Baird from $58.00 to $62.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the e-commerce company’s stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. assumed coverage on eBay in a research note on Tuesday, June 25th. They issued a neutral rating and a $60.00 price target for the company. Mizuho lifted their price objective on eBay from $44.00 to $49.00 and gave the stock a neutral rating in a report on Thursday, May 2nd. StockNews.com raised eBay from a buy rating to a strong-buy rating in a report on Thursday, June 27th. Wells Fargo & Company lifted their price objective on eBay from $47.00 to $57.00 and gave the stock an equal weight rating in a report on Tuesday, June 25th. Finally, Jefferies Financial Group lifted their price objective on eBay from $50.00 to $55.00 and gave the stock a hold rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $56.25.

eBay Stock Down 0.1 %

EBAY stock opened at $56.20 on Thursday. eBay has a 1-year low of $37.17 and a 1-year high of $57.68. The business has a fifty day moving average price of $53.72 and a 200-day moving average price of $50.24. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.99. The stock has a market capitalization of $28.21 billion, a P/E ratio of 11.20, a P/E/G ratio of 2.58 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that eBay will post 3.73 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

Insider Buying and Selling at eBay

In other news, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,488 shares of company stock valued at $565,910. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Several large investors have recently made changes to their positions in EBAY. Raymond James Financial Services Advisors Inc. lifted its position in shares of eBay by 1.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 149,126 shares of the e-commerce company’s stock worth $6,505,000 after buying an additional 1,465 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of eBay in the fourth quarter worth about $275,000. UMB Bank n.a. lifted its position in shares of eBay by 24.4% in the fourth quarter. UMB Bank n.a. now owns 6,362 shares of the e-commerce company’s stock worth $278,000 after buying an additional 1,247 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of eBay by 6.7% in the fourth quarter. Leavell Investment Management Inc. now owns 6,073 shares of the e-commerce company’s stock worth $265,000 after buying an additional 380 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in shares of eBay in the fourth quarter worth about $1,767,000. 87.48% of the stock is currently 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.