eBay (NASDAQ:EBAY) Price Target Raised to $60.00 at Susquehanna

eBay (NASDAQ:EBAY) had its price target hoisted by Susquehanna from $52.00 to $60.00 in a report issued on Friday morning, Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group upped their target price on eBay from $50.00 to $55.00 and gave the company a hold rating in a research report on Thursday, May 30th. Citigroup increased their target price on shares of eBay from $64.00 to $65.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Piper Sandler reiterated an overweight rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. StockNews.com raised eBay from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. Finally, TD Cowen raised their price objective on eBay from $42.00 to $45.00 and gave the company a hold rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $56.65.

eBay Trading Up 2.3 %

Shares of EBAY traded up $1.26 during mid-day trading on Friday, reaching $55.92. 4,444,191 shares of the company were exchanged, compared to its average volume of 5,743,415. The stock has a market capitalization of $28.07 billion, a PE ratio of 11.07, a PEG ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. eBay has a 52 week low of $37.17 and a 52 week high of $57.68. The business has a 50 day simple moving average of $53.73 and a two-hundred day simple moving average of $50.41.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Insider Activity

In related news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,488 shares of company stock valued at $565,910. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay during the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC lifted its position in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in eBay in the second quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new position in shares of eBay during the 1st quarter valued at about $30,000. Finally, LRI Investments LLC bought a new position in shares of eBay during the 1st quarter valued at approximately $29,000. 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.