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

eBay (NASDAQ:EBAY) had its price objective increased by Benchmark from $65.00 to $75.00 in a research report sent to investors on Thursday,Benzinga reports. Benchmark currently has a buy rating on the e-commerce company’s stock.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Finally, Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $65.33.

eBay Price Performance

Shares of NASDAQ EBAY opened at $64.74 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. 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. The firm has a fifty day simple moving average of $66.22 and a 200 day simple moving average of $63.78. eBay has a twelve month low of $48.04 and a twelve month high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost 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 is currently 29.07%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently bought and sold shares of EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay in the 4th quarter worth $27,000. Orion Capital Management LLC bought a new position in shares of eBay in the 4th quarter worth $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay in the 4th quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the 4th quarter worth $33,000. Finally, Quarry LP bought a new position in shares of eBay in the 3rd quarter worth $36,000. 87.48% of the stock is currently owned by hedge funds and other 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.