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

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

Several other research analysts have also recently weighed in on EBAY. Robert W. Baird upped their price target on shares of eBay from $50.00 to $57.00 and gave the stock an outperform rating in a report on Thursday. Truist Financial raised their price target on eBay from $47.00 to $48.00 and gave the company a hold rating in a report on Thursday, February 29th. Benchmark restated a buy rating and issued a $58.00 price objective on shares of eBay in a research report on Thursday. UBS Group lifted their target price on shares of eBay from $46.00 to $47.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Finally, Susquehanna raised their price objective on shares of eBay from $43.00 to $52.00 and gave the company a neutral rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $51.35.

eBay Stock Performance

eBay stock traded up $0.26 during mid-day trading on Thursday, reaching $49.65. The company’s stock had a trading volume of 6,896,723 shares, compared to its average volume of 5,298,042. eBay has a 12-month low of $37.17 and a 12-month high of $52.93. The company has a market capitalization of $25.14 billion, a P/E ratio of 9.89, a PEG ratio of 1.98 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99. The firm’s fifty day moving average price is $50.81 and its two-hundred day moving average price is $44.82.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business earned $0.87 EPS. eBay’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts predict that eBay will post 3.75 EPS for the current fiscal year.

eBay announced that its board has authorized a share repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

eBay Dividend Announcement

The business also recently announced 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Activity

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction 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 approximately $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. CVA Family Office LLC bought a new position in eBay during the 4th quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its position in shares of eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. American National Bank raised its position in shares of eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of eBay in the 3rd quarter worth approximately $46,000. Finally, Riverview Trust Co bought a new position in shares of eBay in the 1st quarter worth approximately $48,000. Institutional investors 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.