eBay (NASDAQ:EBAY) had its target price raised by JPMorgan Chase & Co. from $52.00 to $60.00 in a research report report published on Wednesday morning, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has a neutral rating on the e-commerce company’s stock.
A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on eBay from $66.00 to $68.00 and gave the company a buy rating in a research report on Wednesday. SunTrust Banks boosted their price target on shares of eBay from $50.00 to $54.00 and gave the stock a hold rating in a research report on Friday, June 26th. Royal Bank of Canada raised their price objective on eBay from $45.00 to $57.00 and gave the company a sector perform rating in a report on Wednesday. Jefferies Financial Group upgraded eBay from an underperform rating to a hold rating and upped their target price for the stock from $30.00 to $52.00 in a report on Wednesday, June 10th. Finally, Goldman Sachs Group raised their price target on eBay from $49.00 to $56.00 and gave the company a neutral rating in a research note on Monday, July 20th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $57.71.
eBay stock opened at $55.28 on Wednesday. The company has a 50 day moving average of $53.69 and a 200-day moving average of $41.41. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95. eBay has a twelve month low of $26.02 and a twelve month high of $61.06. The stock has a market capitalization of $38.69 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 1st will be given a dividend of $0.16 per share. The ex-dividend date is Monday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. eBay’s dividend payout ratio is 27.59%.
In other eBay news, CFO Andrew John Cring sold 23,240 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the transaction, the chief financial officer now directly owns 117,919 shares in the company, valued at $5,070,517. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.02% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its holdings in shares of eBay by 18.5% during the fourth quarter. Guggenheim Capital LLC now owns 378,778 shares of the e-commerce company’s stock valued at $13,678,000 after buying an additional 59,062 shares during the last quarter. Brinker Capital Inc. increased its holdings in eBay by 12.2% during the 4th quarter. Brinker Capital Inc. now owns 6,623 shares of the e-commerce company’s stock worth $239,000 after purchasing an additional 721 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of eBay in the fourth quarter worth approximately $14,083,000. Macquarie Group Ltd. lifted its holdings in shares of eBay by 22.6% in the fourth quarter. Macquarie Group Ltd. now owns 28,081 shares of the e-commerce company’s stock valued at $1,014,000 after purchasing an additional 5,181 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of eBay by 249.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,325 shares of the e-commerce company’s stock valued at $1,637,000 after buying an additional 32,350 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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