eBay (NASDAQ:EBAY) Price Target Increased to $57.00 by Analysts at Robert W. Baird

eBay (NASDAQ:EBAY) had its target price upped by Robert W. Baird from $50.00 to $57.00 in a report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Truist Financial raised their price target on shares of eBay from $47.00 to $48.00 and gave the company a hold rating in a research note on Thursday, February 29th. UBS Group raised their target price on eBay from $46.00 to $47.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Piper Sandler lifted their price objective on shares of eBay from $50.00 to $52.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Morgan Stanley upgraded shares of eBay from an underweight rating to an overweight rating in a research report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $55.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $51.35.

eBay Stock Performance

NASDAQ:EBAY traded up $0.26 during midday trading on Thursday, reaching $49.65. 6,896,723 shares of the company traded hands, compared to its average volume of 5,298,042. eBay has a twelve month low of $37.17 and a twelve month high of $52.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 2.44. The company has a fifty day moving average price of $50.81 and a 200 day moving average price of $44.82. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect that eBay will post 3.75 EPS for the current fiscal year.

eBay announced that its board has approved a share repurchase plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.27 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. eBay’s dividend payout ratio is currently 21.51%.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC acquired a new stake in shares of eBay in the fourth quarter worth $1,767,000. Allspring Global Investments Holdings LLC boosted its position in eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after acquiring an additional 541,384 shares during the period. Raymond James & Associates grew its stake in eBay by 6.9% during the 1st quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock valued at $46,124,000 after acquiring an additional 56,148 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in eBay during the 3rd quarter valued at about $798,000. Finally, Sapient Capital LLC acquired a new position in shares of eBay in the 4th quarter valued at about $955,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

About eBay

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.