eBay (NASDAQ:EBAY) Price Target Raised to $77.00

eBay (NASDAQ:EBAY) had its target price raised by Barclays from $72.00 to $77.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the e-commerce company’s stock.

Other research analysts have also issued research reports about the stock. Piper Sandler lifted their price target on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Securities boosted their target price on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company reduced their target price on eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their price target on eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Needham & Company LLC raised their target price on shares of eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday. 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 MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $67.12.

eBay Stock Up 1.4 %

EBAY opened at $68.60 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $31.97 billion, a PE ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.30. The stock’s fifty day moving average is $65.83 and its 200-day moving average is $65.00. eBay has a one year low of $49.25 and a one year high of $71.61.

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

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, May 30th. eBay’s payout ratio is 27.62%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Ameriprise Financial Inc. raised its stake 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 buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of eBay by 25.6% during the fourth 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 in the last quarter. Nordea Investment Management AB increased its holdings in shares of eBay by 3.8% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 245,624 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company’s stock worth $421,834,000 after acquiring an additional 1,030,292 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.