eBay (NASDAQ:EBAY) Price Target Raised to $75.00

eBay (NASDAQ:EBAY) had its target price raised by Benchmark from $65.00 to $75.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Bank of America reduced their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday. Wedbush initiated coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Robert W. Baird reduced their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $65.33.

eBay Price Performance

EBAY stock opened at $64.74 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 52 week low of $48.04 and a 52 week high of $71.61. The firm’s fifty day moving average is $66.22 and its 200 day moving average is $63.78. The firm has a market cap of $31.01 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last three months. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Institutional investors and hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in eBay during the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. bought a new stake in eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in eBay during the 4th quarter valued at about $33,000. Finally, Quarry LP bought a new stake in eBay during the 3rd quarter valued at about $36,000. 87.48% of the stock is currently owned by institutional investors.

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.