Analysts Set eBay Inc. (NASDAQ:EBAY) Price Target at $67.42

Shares of eBay Inc. (NASDAQ:EBAY) have been given a consensus rating of “Hold” by the twenty-nine brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.42.

Several brokerages have recently weighed in on EBAY. Wells Fargo & Company lifted their price target on eBay from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Bank of America cut their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Citigroup cut their target price on eBay from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Robert W. Baird upped their target price on eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets upped their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th.

Insider Buying and Selling at eBay

In related news, SVP Julie A. Loeger sold 127,070 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at $8,559,469.26. The trade was a 50.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares of the company’s stock, valued at approximately $39,153,665.80. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,755 shares of company stock worth $12,943,715. 0.64% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

Hedge funds have recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in eBay in the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new position in shares of eBay during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in shares of eBay during the fourth quarter valued at approximately $27,000. Abound Financial LLC purchased a new position in shares of eBay during the first quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of eBay during the fourth quarter valued at approximately $31,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Up 0.8%

NASDAQ:EBAY opened at $72.43 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. eBay has a 52 week low of $51.02 and a 52 week high of $72.49. The firm has a 50-day moving average price of $66.63 and a two-hundred day moving average price of $65.60.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s payout ratio is 27.62%.

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.