eBay (NASDAQ:EBAY) Price Target Raised to $53.00

eBay (NASDAQ:EBAY) had its price target hoisted by Evercore ISI from $47.00 to $53.00 in a research note published on Thursday, Benzinga reports. Evercore ISI currently has an in-line rating on the e-commerce company’s stock.

Several other brokerages have also recently issued reports on EBAY. Bank of America raised their target price on eBay from $53.00 to $57.00 and gave the stock a neutral rating in a research report on Thursday. Truist Financial raised their target price on eBay from $48.00 to $50.00 and gave the stock a hold rating in a research report on Monday, May 6th. Jefferies Financial Group raised their target price on eBay from $50.00 to $55.00 and gave the stock a hold rating in a research report on Thursday, May 30th. Benchmark reissued a buy rating and issued a $58.00 target price on shares of eBay in a research report on Monday, June 17th. Finally, Wolfe Research assumed coverage on eBay in a research report on Tuesday, July 16th. They set a peer perform rating on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $56.25.

eBay Trading Down 0.1 %

Shares of NASDAQ:EBAY opened at $56.20 on Thursday. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The stock’s 50-day simple moving average is $53.72 and its two-hundred day simple moving average is $50.31. eBay has a 52-week low of $37.17 and a 52-week high of $57.68.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,488 shares of company stock valued at $565,910. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of large investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC bought a new position in shares of eBay during the 4th quarter valued at approximately $1,767,000. Allspring Global Investments Holdings LLC increased its position in shares of eBay by 604.4% during the 4th 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. Savant Capital LLC increased its position in shares of eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after purchasing an additional 262 shares during the last quarter. Van ECK Associates Corp increased its position in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after purchasing an additional 17,143 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of eBay by 6.9% during the 1st 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. 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.