Bank of America Boosts eBay (NASDAQ:EBAY) Price Target to $57.00

eBay (NASDAQ:EBAY) had its price target upped by Bank of America from $53.00 to $57.00 in a research note issued to investors on Thursday, Benzinga reports. Bank of America currently has a neutral rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. TD Cowen boosted their price objective on eBay from $42.00 to $45.00 and gave the company a hold rating in a report on Thursday, May 2nd. Barclays upped their price target on eBay from $61.00 to $65.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. Mizuho upped their price objective on eBay from $44.00 to $49.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. Robert W. Baird upped their price objective on eBay from $57.00 to $58.00 and gave the stock an outperform rating in a research report on Monday, June 17th. Finally, Wells Fargo & Company upped their price objective on eBay from $47.00 to $57.00 and gave the stock an equal weight rating in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of Hold and an average price target of $56.25.

eBay Price Performance

EBAY stock opened at $56.20 on Thursday. The business has a fifty day moving average of $53.72 and a two-hundred day moving average of $50.24. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. eBay has a 52-week low of $37.17 and a 52-week high of $57.68.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, research analysts anticipate that eBay will post 3.73 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is currently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Insiders sold 10,488 shares of company stock valued at $565,910 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. M&G Plc acquired a new position in eBay in the first quarter valued at $97,557,000. Swedbank AB acquired a new position in eBay in the first quarter valued at $73,777,000. Norges Bank acquired a new position in eBay in the fourth quarter valued at $53,019,000. Finally, Dimensional Fund Advisors LP boosted its holdings in eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after acquiring an additional 1,141,288 shares during the last quarter. 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.