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

eBay (NASDAQ:EBAY) had its price target upped by Citigroup from $68.00 to $75.00 in a report issued on Friday,Benzinga reports. Citigroup currently has a buy rating on the e-commerce company’s stock.

Other analysts have also recently issued research reports about the stock. Barclays cut their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Bank of America reduced their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Mizuho upped their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $62.92.

eBay Trading Down 1.1 %

EBAY opened at $61.61 on Friday. The business’s 50-day simple moving average is $62.70 and its 200-day simple moving average is $60.19. The company has a market cap of $29.51 billion, a P/E ratio of 15.48, a PEG ratio of 2.20 and a beta of 1.35. eBay has a one year low of $40.16 and a one year high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is 27.14%.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,658 shares of company stock worth $1,364,575 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after acquiring an additional 153 shares in the last quarter. Optas LLC lifted its position in shares of eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares in the last quarter. Davis Investment Partners LLC boosted its position in eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares during the last quarter. Arvest Investments Inc. raised its position in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after acquiring an additional 183 shares during the last quarter. Finally, Marco Investment Management LLC lifted its stake in shares of eBay by 2.0% during the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock valued at $673,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds 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.