eBay (NASDAQ:EBAY) Price Target Raised to $72.00 at UBS Group

eBay (NASDAQ:EBAY) had its target price raised by UBS Group from $59.00 to $72.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the e-commerce company’s stock.

Several other equities research analysts also recently commented on EBAY. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird upped their price objective on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. The Goldman Sachs Group upped their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upped their price objective on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Truist Financial upped their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $61.71.

eBay Stock Down 0.5 %

Shares of NASDAQ:EBAY traded down $0.30 during midday trading on Thursday, hitting $63.29. 642,532 shares of the company’s stock were exchanged, compared to its average volume of 5,418,062. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50 day moving average price of $62.40 and a 200-day moving average price of $56.28. The company has a market cap of $31.77 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. eBay has a 12 month low of $37.17 and a 12 month high of $67.80.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, sell-side analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is currently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by corporate insiders.

Institutional Trading of eBay

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the 2nd quarter valued at $29,000. Washington Trust Advisors Inc. purchased a new stake in shares of eBay during the 1st quarter valued at $30,000. Finally, LRI Investments LLC purchased a new stake in shares of eBay during the 1st quarter valued at $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.