eBay (NASDAQ:EBAY) Price Target Raised to $60.00

eBay (NASDAQ:EBAY) had its price objective raised by Mizuho from $55.00 to $60.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

A number of other equities research analysts have also recently commented on the stock. Barclays dropped their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. Wells Fargo & Company decreased their price objective on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Piper Sandler raised their target price on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.87.

eBay Stock Up 1.5 %

eBay stock opened at $62.02 on Tuesday. The business’s 50-day moving average price is $63.12 and its 200 day moving average price is $57.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.71 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. eBay has a 52 week low of $37.17 and a 52 week high of $67.80.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.74%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 in the last three months. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares in the last quarter. Optas LLC raised its position in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares during the last quarter. Arvest Investments Inc. raised its stake in eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after acquiring an additional 183 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after purchasing an additional 202 shares during the period. 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.