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

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

Several other research firms have also weighed in on EBAY. Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a report on Thursday. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their price objective on eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group increased their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.33.

eBay Trading Down 8.2 %

Shares of EBAY stock opened at $63.48 on Thursday. The stock’s 50-day moving average price is $66.23 and its 200-day moving average price is $63.66. eBay has a 12-month low of $46.98 and a 12-month high of $71.61. 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 stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.83%. eBay’s payout ratio is 27.14%.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Hedge funds have recently modified their holdings of the stock. Smithfield Trust Co boosted its position in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in eBay by 4.7% during 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 in the last quarter. IFP Advisors Inc boosted its holdings in eBay by 7.2% during 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 in the last quarter. Capital Investment Advisors LLC grew its position in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares during the period. Finally, Bailard Inc. increased 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 valued at $2,147,000 after buying an additional 169 shares in the last quarter. Hedge funds and other 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.