eBay (NASDAQ:EBAY) Given New $63.00 Price Target at Deutsche Bank Aktiengesellschaft

eBay (NASDAQ:EBAY) had its target price decreased by Deutsche Bank Aktiengesellschaft from $70.00 to $63.00 in a research note released on Friday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the e-commerce company’s stock.

EBAY has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday. Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.86.

eBay Trading Up 1.0 %

EBAY stock traded up $0.60 during trading on Friday, reaching $58.11. 7,848,154 shares of the stock were exchanged, compared to its average volume of 5,459,002. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $62.99 and a 200-day moving average price of $56.72. eBay has a 1 year low of $37.17 and a 1 year high of $67.80. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.95 and a beta of 1.32.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.15%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. On average, research analysts predict that eBay will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,391 shares of company stock worth $2,678,424. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EBAY. Private Advisor Group LLC grew its stake in shares of eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after buying an additional 21,636 shares during the last quarter. Van ECK Associates Corp grew its position in eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after purchasing an additional 17,143 shares during the period. Cetera Investment Advisers grew its position in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares during the period. PGGM Investments grew its position in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after acquiring an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC grew its position in shares of eBay by 435.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after acquiring an additional 29,624 shares during the period. 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.