eBay (NASDAQ:EBAY) PT Raised to $65.00

26 Oct 2024, 06:44 by Michael Walen · The Markets Daily

eBay (NASDAQ:EBAY – Free Report) had its price target upped by Jefferies Financial Group from $58.00 to $65.00 in a report published on Tuesday, Benzinga reports. The firm currently has a hold rating on the e-commerce company’s stock.

Other analysts have also recently issued reports about the company. Citigroup increased their price objective on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Daiwa America upgraded eBay to a “hold” rating in a research note on Wednesday, August 14th. Bank of America increased their price objective on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Truist Financial increased their price objective on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.14.

Check Out Our Latest Stock Analysis on EBAY

eBay Stock Down 0.8 %

NASDAQ:EBAY opened at $63.10 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average is $62.56 and its two-hundred day moving average is $56.33. eBay has a 52 week low of $37.17 and a 52 week high of $67.80. The stock has a market capitalization of $31.68 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Research analysts anticipate that eBay will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is 21.51%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On eBay

Several hedge funds have recently made changes to their positions in EBAY. Van ECK Associates Corp lifted its position in eBay by 25.0% in the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after purchasing an additional 17,143 shares during the period. SteelPeak Wealth LLC lifted its position in eBay by 42.3% in the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after purchasing an additional 17,140 shares during the period. Cetera Investment Advisers lifted its position in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after purchasing an additional 60,544 shares during the period. PGGM Investments lifted its position in eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after purchasing an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after purchasing an additional 29,624 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

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