eBay (NASDAQ:EBAY) Given New $57.00 Price Target at Wells Fargo & Company

eBay (NASDAQ:EBAY) had its price objective hoisted by Wells Fargo & Company from $47.00 to $57.00 in a report issued on Tuesday, Benzinga reports. They currently have an equal weight rating on the e-commerce company’s stock.

Several other brokerages have also recently commented on EBAY. Mizuho upped their target price on shares of eBay from $44.00 to $49.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Jefferies Financial Group increased their target price on eBay from $50.00 to $55.00 and gave the company a hold rating in a research note on Thursday, May 30th. Robert W. Baird raised their target price on eBay from $57.00 to $58.00 and gave the stock an outperform rating in a report on Monday, June 17th. UBS Group upped their price target on eBay from $46.00 to $47.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Finally, TD Cowen lifted their price objective on shares of eBay from $42.00 to $45.00 and gave the stock a hold rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, eBay has an average rating of Hold and an average target price of $53.71.

eBay Stock Up 1.3 %

NASDAQ EBAY opened at $53.72 on Tuesday. The stock has a market capitalization of $26.97 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. eBay has a 52 week low of $37.17 and a 52 week high of $55.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a fifty day moving average of $52.47 and a 200-day moving average of $48.24.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. On average, equities research analysts forecast that eBay will post 3.72 EPS for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Insider Activity

In related news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Insiders have sold 59,558 shares of company stock worth $3,001,254 over the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of large investors have recently added to or reduced their stakes in EBAY. Washington Trust Advisors Inc. bought a new stake in shares of eBay in the 1st quarter valued at about $30,000. LRI Investments LLC bought a new stake in eBay in the first quarter valued at approximately $29,000. CVA Family Office LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $25,000. American National Bank lifted its position in shares of eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds 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.