Cantor Fitzgerald Begins Coverage on eBay (NASDAQ:EBAY)

Cantor Fitzgerald started coverage on shares of eBay (NASDAQ:EBAY) in a research note published on Thursday, MarketBeat reports. The brokerage issued a neutral rating and a $62.00 price target on the e-commerce company’s stock.

Several other research firms have also issued reports on EBAY. Jefferies Financial Group upped their price target on shares of eBay from $50.00 to $55.00 and gave the company a hold rating in a research report on Thursday, May 30th. Benchmark lifted their price target on eBay from $58.00 to $65.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Piper Sandler reissued an overweight rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Citigroup lifted 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. Finally, StockNews.com raised shares of eBay from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of Hold and an average price target of $56.90.

eBay Trading Up 0.1 %

NASDAQ EBAY opened at $59.20 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock’s 50-day simple moving average is $55.69 and its two-hundred day simple moving average is $52.93. eBay has a twelve month low of $37.17 and a twelve month high of $59.85. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.30 and a beta of 1.31.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.82%. eBay’s dividend payout ratio is currently 21.51%.

Insider Activity at eBay

In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Institutional investors have recently modified their holdings of the business. Quent Capital LLC boosted its holdings in shares of eBay by 6.8% during the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after acquiring an additional 202 shares during the last quarter. Checchi Capital Advisers LLC grew its position in eBay by 3.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after purchasing an additional 219 shares during the period. Banco Santander S.A. lifted its holdings in shares of eBay by 2.1% during the 1st quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after buying an additional 236 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of eBay by 6.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock worth $205,000 after buying an additional 240 shares during the last quarter. Finally, Tempus Wealth Planning LLC grew its holdings in shares of eBay by 3.1% in the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after acquiring an additional 254 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.