eBay (NASDAQ:EBAY) Price Target Increased to $64.00 by Analysts at Deutsche Bank Aktiengesellschaft

eBay (NASDAQ:EBAY) had its price target boosted by Deutsche Bank Aktiengesellschaft from $60.00 to $64.00 in a research report released on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the e-commerce company’s stock.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler reissued an overweight rating and issued a $64.00 price target (up previously from $58.00) on shares of eBay in a research note on Thursday. Barclays increased their target price on eBay from $61.00 to $65.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Morgan Stanley upped their price objective on eBay from $61.00 to $64.00 and gave the stock an overweight rating in a report on Friday, July 19th. Mizuho raised their price objective on eBay from $44.00 to $49.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Robert W. Baird lifted their target price on shares of eBay from $58.00 to $62.00 and gave the stock an outperform rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $56.25.

eBay Price Performance

Shares of EBAY traded down $0.21 during mid-day trading on Thursday, reaching $56.02. 2,806,530 shares of the stock traded hands, compared to its average volume of 5,727,332. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay has a 1 year low of $37.17 and a 1 year high of $57.68. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 2.55 and a beta of 1.31. The firm has a fifty day moving average price of $53.69 and a 200 day moving average price of $50.07.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 28.89% and a net margin of 26.41%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the company earned $0.87 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that eBay will post 3.73 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

Insider Transactions at eBay

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock valued at $565,910 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay during the second quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the period. LRI Investments LLC purchased a new position in shares of eBay in the first quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new stake in eBay during the second quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. bought a new position in eBay in the first quarter worth approximately $30,000. Institutional investors own 87.48% of the company’s stock.

About eBay

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.