eBay (NASDAQ:EBAY) Price Target Raised to $70.00 at Cantor Fitzgerald

eBay (NASDAQ:EBAY) had its price objective hoisted by Cantor Fitzgerald from $65.00 to $70.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Mizuho lifted their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley upped 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. Wedbush began coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Citigroup increased their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $65.33.

eBay Stock Down 8.2 %

Shares of eBay stock opened at $63.48 on Thursday. The stock has a market cap of $30.41 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The business has a fifty day simple moving average of $66.23 and a 200 day simple moving average of $63.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 12 month low of $46.98 and a 12 month high of $71.61.

eBay Increases Dividend

The company also recently announced 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. This represents a $1.16 annualized dividend and a yield of 1.83%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was 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 approximately $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its position in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Wellington Management Group LLP bought a new stake in eBay during the third quarter worth approximately $105,506,000. Marshall Wace LLP raised its position in eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock valued at $130,421,000 after purchasing an additional 1,584,404 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in eBay during the fourth quarter valued at approximately $96,214,000. 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.