eBay (NASDAQ:EBAY) Price Target Raised to $72.00

eBay (NASDAQ:EBAY) had its price target lifted by UBS Group from $66.00 to $72.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the e-commerce company’s stock.

A number of other analysts also recently issued reports on EBAY. JPMorgan Chase & Co. decreased their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company increased their target price on eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Barclays cut their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Truist Financial raised their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $63.38.

eBay Stock Performance

Shares of eBay stock opened at $69.14 on Monday. The business has a 50 day moving average price of $66.24 and a 200-day moving average price of $63.67. eBay has a 52 week low of $46.53 and a 52 week high of $71.61. The company has a market cap of $33.12 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. eBay’s payout ratio is currently 27.14%.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value 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 represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Smithfield Trust Co increased its holdings in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC increased its stake in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares in the last quarter. IFP Advisors Inc raised its position in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares in the last quarter. Finally, Bailard Inc. boosted its holdings in eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after buying an additional 169 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.