eBay (NASDAQ:EBAY) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

eBay (NASDAQ:EBAY) had its price target lifted by Wells Fargo & Company from $61.00 to $64.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the e-commerce company’s stock.

EBAY has been the topic of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Tuesday, November 5th. Finally, Wedbush started coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $65.33.

eBay Price Performance

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

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.79%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is presently 29.07%.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the business’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 $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Smithfield Trust Co raised its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after buying an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its holdings in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after buying an additional 157 shares during the last quarter. IFP Advisors Inc raised its holdings in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after buying an additional 163 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after buying an additional 167 shares during the last quarter. Finally, Bailard Inc. raised its holdings in eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after buying an additional 169 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.