eBay (NASDAQ:EBAY) Price Target Raised to $75.00

eBay (NASDAQ:EBAY) had its price objective lifted by Citigroup from $68.00 to $75.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the e-commerce company’s stock.

Several other brokerages have also recently commented on EBAY. Morgan Stanley boosted their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. UBS Group dropped their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Piper Sandler raised their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $62.92.

eBay Trading Down 1.1 %

Shares of eBay stock opened at $61.61 on Friday. 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 has a twelve month low of $40.16 and a twelve month high of $67.80. The firm has a market capitalization of $29.51 billion, a PE ratio of 15.48, a P/E/G ratio of 2.20 and a beta of 1.35. The firm’s 50-day moving average price is $62.70 and its 200 day moving average price is $60.19.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,658 shares of company stock worth $1,364,575 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several hedge funds have recently modified their holdings of EBAY. Quarry LP purchased a new stake in eBay during the 3rd quarter worth about $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter worth about $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the third quarter worth approximately $50,000. Versant Capital Management Inc raised its holdings in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the last quarter. 87.48% of the stock is currently 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.