Bank of America Boosts eBay (NASDAQ:EBAY) Price Target to $65.00

eBay (NASDAQ:EBAY) had its price objective upped by Bank of America from $57.00 to $65.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the e-commerce company’s stock.

A number of other equities research analysts have also recently issued reports on EBAY. Jefferies Financial Group upped their price objective on shares of eBay from $50.00 to $55.00 and gave the stock a hold rating in a report on Thursday, May 30th. 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 report on Tuesday, August 6th. Evercore ISI upped their price target on shares of eBay from $47.00 to $53.00 and gave the company an in-line rating in a report on Thursday, August 1st. Cantor Fitzgerald restated a neutral rating and set a $62.00 price target on shares of eBay in a report on Monday. Finally, Morgan Stanley upped their price target on shares of eBay from $61.00 to $64.00 and gave the company an overweight rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has an average rating of Hold and an average price target of $57.29.

eBay Trading Down 0.2 %

Shares of NASDAQ:EBAY opened at $63.94 on Tuesday. The stock has a market capitalization of $32.10 billion, a PE ratio of 12.74, a P/E/G ratio of 2.45 and a beta of 1.32. eBay has a 1 year low of $37.17 and a 1 year high of $65.44. The firm has a fifty day moving average price of $58.17 and a 200 day moving average price of $54.36. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Analysts expect that eBay will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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 owns 70,332 shares in the company, valued at $4,494,918.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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 owns 70,332 shares in the company, valued at $4,494,918.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of eBay by 25.0% in the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after acquiring an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of eBay by 42.3% in the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after acquiring an additional 17,140 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares during the last quarter. PGGM Investments raised its stake in shares of eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after acquiring an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC raised its position in eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after purchasing an additional 29,624 shares during the last quarter. Institutional investors 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.