eBay (NASDAQ:EBAY) Price Target Lowered to $64.00 at Barclays

eBay (NASDAQ:EBAY) had its price target trimmed by Barclays from $65.00 to $64.00 in a research note published on Thursday, Benzinga reports. The firm currently has an overweight rating on the e-commerce company’s stock.

Several other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Robert W. Baird dropped their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group boosted their price target on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.86.

eBay Trading Up 1.0 %

Shares of eBay stock opened at $58.11 on Thursday. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. eBay has a 52-week low of $37.17 and a 52-week high of $67.80. The company’s 50-day simple moving average is $62.99 and its 200-day simple moving average is $56.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last issued its earnings results 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. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts anticipate that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay 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 completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $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 is available at this link. Also, 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 transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,391 shares of company stock valued at $2,678,424. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. increased its stake in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares during the last quarter. M&G Plc purchased a new position in shares of eBay in the 1st quarter worth about $97,557,000. Swedbank AB acquired a new position in shares of eBay in the 1st quarter valued at about $73,777,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of eBay during the 2nd quarter worth about $71,593,000. Institutional investors and hedge funds 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.