eBay (NASDAQ:EBAY) Price Target Raised to $75.00 at Robert W. Baird

eBay (NASDAQ:EBAY) had its price objective raised by Robert W. Baird from $68.00 to $75.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the e-commerce company’s stock.

A number of other equities analysts also recently weighed in on EBAY. Citigroup lowered their target price on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Needham & Company LLC boosted their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their price target on eBay from $63.00 to $61.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.12.

eBay Stock Down 0.7 %

Shares of EBAY stock opened at $67.67 on Thursday. The firm’s fifty day moving average price is $65.87 and its two-hundred day moving average price is $65.01. 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 has a 1 year low of $48.52 and a 1 year high of $71.61. The firm has a market capitalization of $31.53 billion, a P/E ratio of 17.00, a PEG ratio of 2.22 and a beta of 1.43.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. eBay’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value 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. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock valued at $3,121,626 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock valued at $435,665,000 after buying an additional 245,624 shares in the last quarter. Finally, Northern Trust Corp grew its position in eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company’s stock valued at $421,834,000 after acquiring an additional 1,030,292 shares during the last quarter. Institutional investors and hedge funds 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.