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

eBay (NASDAQ:EBAY) had its price target boosted by Stifel Nicolaus from $61.00 to $62.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the e-commerce company’s stock.

A number of other brokerages have also commented on EBAY. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. 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. Robert W. Baird lifted their price target on eBay from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday. Sanford C. Bernstein downgraded eBay from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC lifted their target price on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $67.12.

eBay Trading Up 1.4 %

EBAY opened at $68.60 on Thursday. The company has a fifty day moving average price of $65.83 and a two-hundred day moving average price of $65.00. eBay has a 1-year low of $49.25 and a 1-year high of $71.61. The company has a market cap of $31.97 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. 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 (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping 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 period in the prior year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts predict that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio (DPR) is currently 27.62%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares of the company’s stock, valued at $39,153,665.80. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock valued at $3,121,626 over the last three months. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares during the period. Kestra Investment Management LLC boosted its holdings in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after purchasing an additional 7,074 shares during the period. Van ECK Associates Corp grew its position in shares of eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after purchasing an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of eBay in the fourth quarter worth $8,644,000. Hedge funds and other 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.