Deutsche Bank Aktiengesellschaft Cuts eBay (NASDAQ:EBAY) Price Target to $63.00

eBay (NASDAQ:EBAY) had its price target decreased by Deutsche Bank Aktiengesellschaft from $70.00 to $63.00 in a research report released on Friday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the e-commerce company’s stock.

Several other brokerages also recently commented on EBAY. Jefferies Financial Group lifted their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Piper Sandler upped their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.86.

eBay Stock Up 3.6 %

EBAY stock opened at $60.23 on Friday. The business’s 50 day simple moving average is $63.01 and its 200 day simple moving average is $56.89. eBay has a 1-year low of $37.17 and a 1-year high of $67.80. The firm has a market capitalization of $29.45 billion, a PE ratio of 15.13, a PEG ratio of 1.79 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.79%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Insider Buying and Selling at eBay

In other eBay 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock worth $2,678,424 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC raised its holdings in shares of 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 purchasing an additional 465 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of eBay during the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. acquired a new stake in shares of eBay in the 1st quarter valued at about $30,000. Finally, LRI Investments LLC bought a new stake in eBay in the 1st quarter valued at about $29,000. 87.48% of the stock is owned by institutional investors.

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.