eBay (NASDAQ:EBAY) Price Target Raised to $66.00

eBay (NASDAQ:EBAY) had its target price boosted by Wells Fargo & Company from $63.00 to $66.00 in a report published on Monday,Benzinga reports. They currently have an equal weight rating on the e-commerce company’s stock.

EBAY has been the subject of several other reports. Cantor Fitzgerald raised their price objective on shares of eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Wedbush restated a “neutral” rating and set a $72.00 price target on shares of eBay in a report on Wednesday, June 11th. Susquehanna lifted their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Piper Sandler increased their price objective on eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, TD Securities raised their target price on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $67.85.

eBay Stock Down 0.4%

EBAY stock opened at $75.78 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $73.18 and a two-hundred day moving average of $68.36. eBay has a 12 month low of $52.14 and a 12 month high of $79.84. The company has a market cap of $34.93 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.13 and a beta of 1.26.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 12,644 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the transaction, the chief executive officer directly owned 325,053 shares of the company’s stock, valued at $25,698,690.18. The trade was a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the transaction, the senior vice president owned 44,413 shares of the company’s stock, valued at $3,436,677.94. The trade was a 34.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,358 shares of company stock valued at $20,032,051. 0.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in eBay by 2.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 34,960 shares of the e-commerce company’s stock worth $2,166,000 after buying an additional 879 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of eBay by 5.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company’s stock worth $257,000 after acquiring an additional 224 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of eBay during the 4th quarter worth about $8,644,000. Finally, Private Trust Co. NA increased its holdings in shares of eBay by 9.6% in the 4th quarter. Private Trust Co. NA now owns 3,358 shares of the e-commerce company’s stock valued at $208,000 after acquiring an additional 295 shares during the last quarter. 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.