UBS Group Cuts eBay (NASDAQ:EBAY) Price Target to $66.00

eBay (NASDAQ:EBAY) had its target price decreased by UBS Group from $72.00 to $66.00 in a report released 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. Evercore ISI increased their price target on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Wells Fargo & Company lifted their target price on shares of eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Morgan Stanley upped their price target on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial lifted their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.86.

eBay Stock Up 1.0 %

Shares of NASDAQ:EBAY opened at $58.11 on Thursday. The firm has a market capitalization of $28.42 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 52-week low of $37.17 and a 52-week high of $67.80. The firm has a fifty day moving average of $62.99 and a 200 day moving average of $56.77.

eBay (NASDAQ:EBAY) last posted 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. 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 30.97% and a net margin of 19.68%. As a group, research analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay 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 sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock worth $2,678,424 over the last three months. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC boosted its stake in eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the last quarter. Cetera Investment Advisers increased its holdings in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares in the last quarter. PGGM Investments raised its position in eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its stake in eBay by 435.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after acquiring an additional 29,624 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.