Deutsche Bank Aktiengesellschaft Has Lowered Expectations for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its target price lowered by Deutsche Bank Aktiengesellschaft from $70.00 to $63.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the e-commerce company’s stock.

Other analysts also recently issued reports about the stock. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Truist Financial lifted their price target on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Wolfe Research started coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, UBS Group reduced their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $61.86.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $60.23 on Friday. The business’s 50-day simple moving average is $63.01 and its 200-day simple moving average is $56.89. eBay has a 52 week low of $37.17 and a 52 week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.79 and a beta of 1.34.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock worth $2,678,424 in the last quarter. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in eBay during the 3rd quarter worth $164,000. Arvest Investments Inc. lifted its holdings in shares of eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after purchasing an additional 183 shares in the last quarter. River Global Investors LLP lifted its holdings in shares of eBay by 4.4% during the 3rd quarter. River Global Investors LLP now owns 35,071 shares of the e-commerce company’s stock valued at $2,284,000 after purchasing an additional 1,468 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new position in shares of eBay in the 3rd quarter valued at approximately $226,000. Finally, Sigma Planning Corp bought a new stake in eBay during the 3rd quarter worth approximately $217,000. 87.48% of the stock is owned by 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.