eBay (NASDAQ:EBAY) Price Target Raised to $64.00

eBay (NASDAQ:EBAY) had its price objective increased by Wells Fargo & Company from $61.00 to $64.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the e-commerce company’s stock.

Several other brokerages also recently issued reports on EBAY. Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley increased their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Tuesday, November 5th. Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Mizuho increased their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.33.

eBay Trading Up 2.0 %

Shares of NASDAQ:EBAY opened at $64.74 on Thursday. eBay has a 52-week low of $48.04 and a 52-week high of $71.61. The company has a market capitalization of $31.01 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a 50-day simple moving average of $66.22 and a 200 day simple moving average of $63.78. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

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

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,149 shares of company stock valued at $1,746,065. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in eBay in the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in shares of eBay during the 4th quarter valued at $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of eBay during the 4th quarter valued at $33,000. Finally, Quarry LP purchased a new stake in shares of eBay during the 3rd quarter valued at $36,000. 87.48% of the stock is owned by institutional investors.

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.