eBay (NASDAQ:EBAY) Given New $70.00 Price Target at Robert W. Baird

eBay (NASDAQ:EBAY) had its target price increased by Robert W. Baird from $62.00 to $70.00 in a report published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the e-commerce company’s stock.

A number of other brokerages also recently issued reports on EBAY. Benchmark raised their price objective on eBay from $58.00 to $65.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Morgan Stanley raised their price objective on eBay from $61.00 to $64.00 and gave the stock an overweight rating in a research report on Friday, July 19th. StockNews.com upgraded eBay from a hold rating to a buy rating in a research report on Thursday, October 10th. Susquehanna raised their price objective on eBay from $52.00 to $60.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Finally, Evercore ISI lifted their target price on eBay from $47.00 to $53.00 and gave the stock an in-line rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $58.05.

eBay Stock Performance

Shares of EBAY stock opened at $66.88 on Friday. The business’s 50-day moving average price is $61.11 and its 200-day moving average price is $55.67. eBay has a 12 month low of $37.17 and a 12 month high of $67.72. The firm has a market capitalization of $33.57 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.59 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities research analysts forecast that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. eBay’s payout ratio is 21.51%.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,224 shares of company stock valued at $2,600,666 over the last 90 days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position 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 worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. boosted its position in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Mirova US LLC boosted its position in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. boosted its position in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after purchasing an additional 530,941 shares during the last quarter. 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.