Analysts Set eBay Inc. (NASDAQ:EBAY) Target Price at $65.54

eBay Inc. (NASDAQ:EBAY) has earned a consensus recommendation of “Hold” from the twenty-seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $65.54.

Several research firms have recently weighed in on EBAY. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Susquehanna lifted their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Morgan Stanley lifted their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Wedbush started coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new position in shares of eBay in the fourth quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in eBay during the 4th quarter worth about $27,000. Pinney & Scofield Inc. bought a new position in eBay in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the 4th quarter valued at about $33,000. Finally, Quarry LP bought a new stake in shares of eBay during the third quarter valued at about $36,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 0.5 %

EBAY opened at $67.16 on Friday. The stock has a market cap of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a fifty day moving average of $67.11 and a 200-day moving average of $64.95.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

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.