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

eBay (NASDAQ:EBAY) had its target price boosted by Barclays from $61.00 to $65.00 in a research note published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the e-commerce company’s stock.

Other analysts have also recently issued research reports about the company. Piper Sandler boosted their target price on eBay from $50.00 to $52.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $55.00 to $58.00 and gave the company a buy rating in a research note on Wednesday, April 10th. The Goldman Sachs Group started coverage on shares of eBay in a research report on Wednesday, January 10th. They set a sell rating and a $38.00 price target for the company. Mizuho raised their price objective on eBay from $44.00 to $49.00 and gave the company a neutral rating in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on eBay from $45.00 to $47.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of Hold and an average price target of $51.35.

eBay Price Performance

eBay stock traded up $0.26 during midday trading on Thursday, reaching $49.65. 6,896,723 shares of the company were exchanged, compared to its average volume of 5,298,042. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.98 and a beta of 1.31. The firm’s 50-day simple moving average is $50.81 and its 200-day simple moving average is $44.82. eBay has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. On average, analysts anticipate that eBay will post 3.75 EPS for the current year.

eBay declared that its board has initiated a stock buyback program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. eBay’s payout ratio is 21.51%.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

Institutional investors have recently modified their holdings of the company. SteelPeak Wealth LLC acquired a new stake in shares of eBay in the fourth quarter valued at $1,767,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of eBay by 604.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock valued at $27,522,000 after purchasing an additional 541,384 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of eBay by 6.9% during the first quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock valued at $46,124,000 after purchasing an additional 56,148 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of eBay during the third quarter valued at $798,000. Finally, Sapient Capital LLC purchased a new stake in shares of eBay during the fourth quarter valued at $955,000. 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.