eBay (NASDAQ:EBAY) Price Target Raised to $72.00

eBay (NASDAQ:EBAY) had its target price boosted by UBS Group from $59.00 to $72.00 in a research note issued to investors on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the e-commerce company’s stock.

A number of other brokerages have also recently commented on EBAY. The Goldman Sachs Group lifted their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Morgan Stanley upped their price objective on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Jefferies Financial Group lifted their target price on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial upped their price target on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $62.14.

eBay Stock Performance

NASDAQ EBAY opened at $63.10 on Thursday. The company has a fifty day moving average of $62.71 and a two-hundred day moving average of $56.44. The company has a market capitalization of $30.86 billion, a PE ratio of 12.25, a P/E/G ratio of 2.45 and a beta of 1.32. eBay has a 1 year low of $37.17 and a 1 year high of $67.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. As a group, analysts expect that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued 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 yield of 1.71%. eBay’s dividend payout ratio is presently 20.97%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock worth $2,678,424 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC increased its position in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC purchased a new position in shares of eBay in the 1st quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new position in shares of eBay during the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. purchased a new stake in eBay during the 1st quarter worth $30,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.