eBay (NASDAQ:EBAY) Given “Overweight” Rating at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of eBay (NASDAQ:EBAY) in a report issued on Thursday, Benzinga reports. The brokerage currently has a $64.00 price target on the e-commerce company’s stock, up from their previous price target of $58.00.

EBAY has been the subject of a number of other research reports. Barclays lifted their target price on shares of eBay from $61.00 to $65.00 and gave the stock an overweight rating in a research note on Thursday, May 2nd. StockNews.com raised eBay from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. Bank of America lifted their price target on shares of eBay from $53.00 to $57.00 and gave the company a neutral rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of eBay from $58.00 to $62.00 and gave the stock an outperform rating in a report on Thursday. Finally, Mizuho boosted their target price on shares of eBay from $44.00 to $49.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of Hold and an average target price of $56.25.

eBay Price Performance

EBAY traded down $1.54 during trading on Thursday, hitting $54.66. 7,279,261 shares of the stock traded hands, compared to its average volume of 5,757,228. The business has a 50 day moving average price of $53.72 and a 200 day moving average price of $50.31. The company has a market cap of $27.44 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.99. eBay has a twelve month low of $37.17 and a twelve month high of $57.68.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.98%. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,488 shares of company stock worth $565,910. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several large investors have recently bought and sold shares of EBAY. Quent Capital LLC lifted its stake in eBay by 6.8% during the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after acquiring an additional 202 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of eBay by 3.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after purchasing an additional 219 shares during the period. Banco Santander S.A. grew its holdings in shares of eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after purchasing an additional 236 shares in the last quarter. Tempus Wealth Planning LLC raised its holdings in eBay by 3.1% in the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock valued at $451,000 after acquiring an additional 254 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of eBay by 41.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock valued at $47,000 after acquiring an additional 258 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.