eBay (NASDAQ:EBAY) Price Target Lowered to $64.00 at Bank of America

eBay (NASDAQ:EBAY) had its price objective lowered by Bank of America from $67.00 to $64.00 in a report released on Thursday morning, Benzinga reports. Bank of America currently has a neutral rating on the e-commerce company’s stock.

Other analysts have also issued research reports about the stock. Evercore ISI raised their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their target price on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 target price (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Finally, Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.86.

eBay Price Performance

NASDAQ:EBAY opened at $58.11 on Thursday. eBay has a 12-month low of $37.17 and a 12-month high of $67.80. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. The company’s 50-day moving average is $62.99 and its two-hundred day moving average is $56.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.86%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, 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. Insiders have sold 41,391 shares of company stock worth $2,678,424 in the last three months. 0.38% of the stock is currently owned by insiders.

Institutional Trading of eBay

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay in the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted 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 during the last quarter. LRI Investments LLC purchased a new position in eBay in the first quarter valued at about $29,000. Hobbs Group Advisors LLC acquired a new position in eBay in the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of eBay during the 1st quarter worth about $30,000. 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.