eBay (NASDAQ:EBAY) Given New $65.00 Price Target at Susquehanna

eBay (NASDAQ:EBAY) had its price target boosted by Susquehanna from $60.00 to $65.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

EBAY has been the topic of several other reports. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Friday. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research report on Thursday. UBS Group boosted their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Citigroup boosted their price objective on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.54.

eBay Price Performance

NASDAQ EBAY opened at $65.22 on Monday. The company has a market capitalization of $31.24 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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 business’s fifty day moving average is $66.25 and its 200 day moving average is $63.91. eBay has a fifty-two week low of $48.04 and a fifty-two week high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. 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 1.78%. eBay’s dividend payout ratio is currently 29.07%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

Hedge funds and other institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in eBay during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in eBay during the 4th quarter worth $27,000. Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the 4th quarter worth $33,000. Finally, Quarry LP purchased a new position in eBay during the 3rd quarter worth $36,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

About eBay

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.