eBay Inc. (NASDAQ:EBAY) Receives $56.65 Consensus Target Price from Analysts

eBay Inc. (NASDAQ:EBAY) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $56.65.

Several analysts recently commented on the company. Bank of America upped their price target on eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Susquehanna boosted their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark raised their price objective on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their target price on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird raised their price target on eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.

eBay Stock Performance

NASDAQ:EBAY opened at $58.68 on Thursday. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average price of $54.44 and a 200 day moving average price of $51.56. The firm has a market capitalization of $29.46 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. eBay has a 12-month low of $37.17 and a 12-month high of $58.80.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.84%. eBay’s dividend payout ratio is currently 21.51%.

Insider Transactions at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders sold 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Truist Financial Corp raised its holdings in shares of eBay by 45.4% in the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock valued at $58,555,000 after purchasing an additional 340,120 shares during the period. Sunbelt Securities Inc. lifted its position in shares of eBay by 40,340.0% in the second quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company’s stock valued at $109,000 after buying an additional 2,017 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of eBay by 145.9% during the 2nd quarter. NewEdge Advisors LLC now owns 54,112 shares of the e-commerce company’s stock worth $2,907,000 after acquiring an additional 32,110 shares during the period. Creative Planning increased its holdings in shares of eBay by 7.2% during the 2nd quarter. Creative Planning now owns 62,415 shares of the e-commerce company’s stock worth $3,353,000 after acquiring an additional 4,187 shares during the last quarter. Finally, Ascent Group LLC boosted its position in eBay by 60.0% during the second quarter. Ascent Group LLC now owns 10,647 shares of the e-commerce company’s stock worth $572,000 after purchasing an additional 3,992 shares during the period. 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.