eBay (NASDAQ:EBAY) Price Target Raised to $62.00

eBay (NASDAQ:EBAY) had its price target increased by Truist Financial from $58.00 to $62.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the e-commerce company’s stock.

Other research analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price target on eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Wolfe Research initiated coverage on eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Evercore ISI boosted their target price on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Finally, Benchmark restated a “buy” rating and issued a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Price Performance

NASDAQ:EBAY opened at $62.02 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $63.12 and a 200 day simple moving average of $57.00. eBay has a 1-year low of $37.17 and a 1-year high of $67.80. The stock has a market capitalization of $29.71 billion, a PE ratio of 15.58, a P/E/G ratio of 1.99 and a beta of 1.34.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.74%. eBay’s payout ratio is 27.14%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norden Group LLC bought a new stake in shares of eBay during the 1st quarter valued at approximately $318,000. Private Advisor Group LLC grew its stake in shares of eBay by 5.3% during the first quarter. Private Advisor Group LLC now owns 20,886 shares of the e-commerce company’s stock worth $1,102,000 after buying an additional 1,054 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of eBay by 10.3% during the first quarter. Janney Montgomery Scott LLC now owns 56,378 shares of the e-commerce company’s stock worth $2,976,000 after buying an additional 5,277 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of eBay by 158.0% in the 1st quarter. GSA Capital Partners LLP now owns 26,728 shares of the e-commerce company’s stock valued at $1,411,000 after acquiring an additional 16,370 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of eBay by 28.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,244 shares of the e-commerce company’s stock valued at $277,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

About eBay

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.