eBay’s (EBAY) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reissued their overweight rating on shares of eBay (NASDAQ:EBAY) in a report issued on Thursday, Benzinga reports. Piper Sandler currently has a $64.00 target price on the e-commerce company’s stock, up from their prior target price of $58.00.

EBAY has been the subject of a number of other research reports. JPMorgan Chase & Co. assumed coverage on eBay in a report on Tuesday, June 25th. They issued a neutral rating and a $60.00 target price for the company. TD Cowen raised their price target on eBay from $42.00 to $45.00 and gave the company a hold rating in a research report on Thursday, May 2nd. Benchmark reissued a buy rating and set a $58.00 target price on shares of eBay in a research report on Monday, June 17th. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $55.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. Finally, Mizuho lifted their target price on eBay from $44.00 to $49.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of Hold and a consensus target price of $56.25.

eBay Price Performance

Shares of EBAY traded down $1.54 during trading hours on Thursday, hitting $54.66. 7,279,261 shares of the company were exchanged, compared to its average volume of 5,757,228. The company has a market capitalization of $27.44 billion, a PE ratio of 11.20, a PEG ratio of 2.58 and a beta of 1.31. 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 firm has a fifty day simple moving average of $53.72 and a 200-day simple moving average of $50.31. eBay has a one year low of $37.17 and a one year high of $57.68.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly 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 ninety days, 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

A number of hedge funds have recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay during the second quarter worth $26,000. Tortoise Investment Management LLC increased its stake in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC purchased a new position in eBay in the 1st quarter worth about $29,000. Hobbs Group Advisors LLC bought a new position in eBay during the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. bought a new position in eBay during the 1st quarter worth about $30,000. 87.48% of the stock is currently 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.