eBay (NASDAQ:EBAY) PT Raised to $63.00 at Wells Fargo & Company

eBay (NASDAQ:EBAY) had its price objective hoisted by Wells Fargo & Company from $55.00 to $63.00 in a research note released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the e-commerce company’s stock.

Other research analysts have also recently issued reports about the stock. Cantor Fitzgerald reiterated a neutral rating and set a $62.00 price objective on shares of eBay in a report on Monday, September 30th. Benchmark boosted their price target on shares of eBay from $58.00 to $65.00 and gave the stock a buy rating in a report on Thursday, August 1st. Daiwa America upgraded shares of eBay to a hold rating in a research note on Wednesday, August 14th. StockNews.com raised eBay from a hold rating to a buy rating in a report on Monday, September 30th. Finally, Truist Financial lifted their price target on eBay from $50.00 to $58.00 and gave the stock a hold rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $57.67.

eBay Price Performance

EBAY stock opened at $66.29 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day moving average is $59.76 and its 200-day moving average is $55.03. The stock has a market capitalization of $33.28 billion, a PE ratio of 13.21, a price-to-earnings-growth 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 $66.47.

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

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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