eBay’s (EBAY) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of eBay (NASDAQ:EBAY) in a research note published on Thursday morning,Benzinga reports. They currently have a $72.00 price target on the e-commerce company’s stock.

Other analysts also recently issued research reports about the company. Morgan Stanley boosted their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Truist Financial boosted their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Mizuho lifted their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their target price on eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Citigroup lifted their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $65.33.

eBay Stock Up 2.0 %

EBAY opened at $64.74 on Thursday. eBay has a one year low of $48.04 and a one year high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $66.22 and its 200-day moving average is $63.78. The company has a market capitalization of $31.01 billion, a PE ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.79%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Institutional investors and hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the fourth quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in shares of eBay in the fourth quarter worth about $27,000. Pinney & Scofield Inc. acquired a new position in shares of eBay during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the 4th quarter worth about $33,000. Finally, Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.