eBay Inc. (NASDAQ:EBAY) Receives $62.87 Average Price Target from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been given an average rating of “Hold” by the twenty-five research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.87.

Several equities research analysts have recently issued reports on the company. Barclays decreased their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Piper Sandler raised their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wells Fargo & Company dropped their target price on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. UBS Group decreased their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th.

Insider Buying and Selling 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 transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of eBay

A number of hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay in the 2nd quarter worth about $26,000. Tortoise Investment Management LLC increased its stake in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the second quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of eBay in the 3rd quarter worth approximately $36,000. Finally, LRI Investments LLC purchased a new stake in shares of eBay in the 1st quarter worth approximately $29,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $63.29 on Friday. The stock has a 50 day moving average of $63.63 and a 200 day moving average of $58.34. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.69 and a beta of 1.34. eBay has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.71%. eBay’s payout ratio is currently 27.14%.

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.