eBay (NASDAQ:EBAY) Price Target Raised to $63.00

eBay (NASDAQ:EBAY) had its price target boosted by BMO Capital Markets from $59.00 to $63.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a market perform rating on the e-commerce company’s stock.

A number of other analysts have also recently weighed in on the stock. Truist Financial boosted their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. UBS Group boosted their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.33.

eBay Stock Performance

EBAY stock opened at $64.74 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. eBay has a 12 month low of $48.04 and a 12 month high of $71.61. The firm has a 50 day moving average of $66.22 and a two-hundred day moving average of $63.78.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.79%. eBay’s dividend payout ratio is currently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several large investors have recently made changes to their positions in EBAY. Ameriprise Financial Inc. grew its holdings 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 purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP grew its holdings in eBay by 25.6% during the 4th 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 during the last quarter. Wellington Management Group LLP bought a new stake in eBay during the 3rd quarter worth about $105,506,000. Marshall Wace LLP grew its holdings in eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock worth $130,421,000 after acquiring an additional 1,584,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in eBay during the 4th quarter worth about $96,214,000. 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.