eBay (NASDAQ:EBAY) Price Target Raised to $65.00

eBay (NASDAQ:EBAY) had its target price boosted by Susquehanna from $60.00 to $65.00 in a research report released on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Bank of America reduced their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. UBS Group boosted their price target on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, Truist Financial boosted their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay Trading Down 0.2 %

eBay stock opened at $66.55 on Monday. The stock has a market cap of $31.01 billion, a P/E ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a 1 year low of $48.52 and a 1 year high of $71.61. The firm’s 50 day moving average price is $66.37 and its 200-day moving average price is $64.00.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,524 shares of company stock worth $1,390,509. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Wealth Group Ltd. purchased a new position in shares of eBay in the 3rd quarter valued at about $543,000. Farther Finance Advisors LLC increased its holdings in shares of eBay by 14.4% in the third quarter. Farther Finance Advisors LLC now owns 7,433 shares of the e-commerce company’s stock valued at $484,000 after purchasing an additional 938 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of eBay by 599.3% in the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares during the period. Forum Financial Management LP acquired a new position in eBay during the third quarter worth $213,000. Finally, National Pension Service grew its holdings in eBay by 11.9% during the third quarter. National Pension Service now owns 973,015 shares of the e-commerce company’s stock worth $63,353,000 after acquiring an additional 103,733 shares during the period. 87.48% of the stock is 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.