eBay (NASDAQ:EBAY) Price Target Increased to $71.00 by Analysts at Morgan Stanley

eBay (NASDAQ:EBAY) had its price target lifted by Morgan Stanley from $65.00 to $71.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the e-commerce company’s stock.

Several other equities research analysts have also commented on EBAY. Susquehanna lifted their price target on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. The Goldman Sachs Group upped their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. UBS Group lifted their price target on eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Benchmark increased their price objective on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.14.

eBay Price Performance

eBay stock opened at $63.10 on Friday. The stock has a market cap of $31.68 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The company has a fifty day simple moving average of $62.56 and a 200-day simple moving average of $56.33. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay has a 12-month low of $37.17 and a 12-month high of $67.80.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Equities analysts expect that eBay will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on 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 directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, 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. Insiders have sold 41,391 shares of company stock worth $2,678,424 over the last quarter. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay in the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC increased its stake in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC acquired a new position in eBay in the 1st quarter worth $29,000. Hobbs Group Advisors LLC purchased a new position in eBay in the 2nd quarter valued at about $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay in the 1st quarter valued at about $30,000. Hedge funds and other 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.