Stifel Nicolaus Boosts eBay (NASDAQ:EBAY) Price Target to $68.00

eBay (NASDAQ:EBAY) had its target price raised by Stifel Nicolaus from $66.00 to $68.00 in a research note published on Wednesday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the e-commerce company’s stock.

A number of other equities analysts have also issued reports on the company. Wedbush raised their target price on eBay from $58.00 to $65.00 and gave the stock an outperform rating in a research note on Wednesday, July 22nd. Jefferies Financial Group upgraded eBay from an underperform rating to a hold rating and raised their target price for the stock from $30.00 to $52.00 in a research note on Wednesday, June 10th. Deutsche Bank lifted their price objective on eBay from $57.00 to $64.00 and gave the company a buy rating in a research note on Wednesday. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on eBay from $53.00 to $65.00 and gave the company an outperform rating in a research note on Friday, July 24th. Finally, Guggenheim lifted their price objective on eBay from $60.00 to $65.00 and gave the company a buy rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $57.71.

Shares of EBAY opened at $55.28 on Wednesday. The firm has a market cap of $38.69 billion, a PE ratio of 8.35, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 2.95. The stock has a fifty day moving average price of $53.69 and a 200-day moving average price of $41.41. eBay has a 12 month low of $26.02 and a 12 month high of $61.06.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.18. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.80 billion. eBay had a return on equity of 77.65% and a net margin of 46.91%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. As a group, research analysts forecast that eBay will post 2.94 EPS for the current year.

The business also recently disclosed 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. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, August 31st. eBay’s payout ratio is presently 27.59%.

In related 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 transaction, the chief financial officer now directly owns 117,919 shares of the company’s stock, valued at $5,070,517. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.02% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. APG Asset Management N.V. grew its position in eBay by 13.7% in the first quarter. APG Asset Management N.V. now owns 1,753,988 shares of the e-commerce company’s stock worth $52,725,000 after acquiring an additional 211,194 shares in the last quarter. FDx Advisors Inc. grew its position in eBay by 380.5% in the first quarter. FDx Advisors Inc. now owns 26,643 shares of the e-commerce company’s stock worth $30,000 after acquiring an additional 21,098 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of eBay by 126.3% in the first quarter. Tower Research Capital LLC TRC now owns 19,985 shares of the e-commerce company’s stock worth $600,000 after buying an additional 11,154 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of eBay by 2.0% in the second quarter. Boston Trust Walden Corp now owns 141,157 shares of the e-commerce company’s stock worth $7,404,000 after buying an additional 2,775 shares during the last quarter. Finally, Symmetry Partners LLC acquired a new stake in shares of eBay in the second quarter worth $234,000. 92.53% of the stock is owned by institutional investors.

About eBay

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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