Morgan Stanley Increases eBay (NASDAQ:EBAY) Price Target to $72.00

eBay (NASDAQ:EBAY) had its target price raised by Morgan Stanley from $70.00 to $72.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the e-commerce company’s stock.

Other equities analysts have also issued reports about the company. Truist Financial increased their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and issued a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.83.

eBay Stock Up 1.1 %

Shares of NASDAQ:EBAY opened at $65.11 on Monday. The firm has a market capitalization of $31.19 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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 $40.16 and a 52-week high of $71.52. The firm has a fifty day moving average of $63.40 and a 200 day moving average of $60.82.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is 27.14%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,116 shares of company stock worth $1,637,705 in the last three months. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC boosted its holdings in eBay by 241.3% in the second quarter. Quest Partners LLC now owns 3,696 shares of the e-commerce company’s stock worth $199,000 after purchasing an additional 2,613 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of eBay by 21.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 142,419 shares of the e-commerce company’s stock worth $7,577,000 after buying an additional 25,439 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of eBay by 51.6% in the second quarter. Meeder Advisory Services Inc. now owns 6,547 shares of the e-commerce company’s stock worth $352,000 after acquiring an additional 2,229 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in eBay during the second quarter valued at $200,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in eBay by 28.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,716 shares of the e-commerce company’s stock valued at $1,865,000 after acquiring an additional 7,791 shares during the period. 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.