eBay (NASDAQ:EBAY) Price Target Raised to $67.00

eBay (NASDAQ:EBAY) had its price target upped by Piper Sandler from $64.00 to $67.00 in a research report report published on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the e-commerce company’s stock.

EBAY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Robert W. Baird dropped their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.86.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $58.11 on Thursday. The stock has a market cap of $28.42 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. eBay has a 1 year low of $37.17 and a 1 year high of $67.80. The firm has a fifty day moving average price of $62.99 and a 200-day moving average price of $56.77. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. Equities analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Transactions at eBay

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

Institutional Investors Weigh In On eBay

Several large investors have recently added to or reduced their stakes in the stock. Norden Group LLC purchased a new position in shares of eBay during the first quarter worth approximately $318,000. First Trust Direct Indexing L.P. grew its stake in eBay by 12.3% in the first quarter. First Trust Direct Indexing L.P. now owns 14,668 shares of the e-commerce company’s stock worth $774,000 after purchasing an additional 1,606 shares in the last quarter. Van ECK Associates Corp increased its holdings in eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after purchasing an additional 17,143 shares during the period. Private Advisor Group LLC raised its position in eBay by 5.3% during the 1st quarter. Private Advisor Group LLC now owns 20,886 shares of the e-commerce company’s stock valued at $1,102,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of eBay by 51.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 578,357 shares of the e-commerce company’s stock worth $30,526,000 after buying an additional 196,324 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.