eBay (NASDAQ:EBAY) Price Target Raised to $65.00

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eBay (NASDAQ:EBAY) had its price objective raised by Robert W. Baird from $60.00 to $65.00 in a report published on Wednesday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Bank of America lifted their target price on eBay from $52.00 to $62.00 and gave the stock a neutral rating in a report on Tuesday, July 21st. Barclays lifted their target price on eBay from $77.00 to $82.00 and gave the stock an overweight rating in a report on Wednesday. TheStreet cut eBay from a b- rating to a c+ rating in a research report on Thursday, April 2nd. Susquehanna Bancshares lifted their price target on eBay from $43.00 to $44.00 and gave the company a positive rating in a research report on Thursday, April 30th. Finally, Cfra cut eBay from a hold rating to a sell rating in a research report on Monday, May 11th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $57.71.

eBay stock opened at $55.28 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95. eBay has a 52 week low of $26.02 and a 52 week high of $61.06. The company has a market capitalization of $38.69 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The stock has a 50-day moving average price of $53.69 and a 200 day moving average price of $41.41.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.18. eBay had a return on equity of 77.65% and a net margin of 46.91%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that eBay will post 2.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, August 31st. eBay’s payout ratio is 27.59%.

In related news, CFO Andrew John Cring sold 23,240 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the sale, the chief financial officer now directly owns 117,919 shares in the company, valued at $5,070,517. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.02% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arden Trust Co acquired a new position in eBay during the first quarter worth $26,000. Alpha Windward LLC acquired a new position in eBay during the second quarter worth $26,000. Rocky Mountain Advisers LLC acquired a new position in eBay during the second quarter worth $26,000. FDx Advisors Inc. boosted its stake in eBay by 380.5% during the first quarter. FDx Advisors Inc. now owns 26,643 shares of the e-commerce company’s stock worth $30,000 after buying an additional 21,098 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in eBay by 131.7% during the first quarter. TCI Wealth Advisors Inc. now owns 1,059 shares of the e-commerce company’s stock worth $32,000 after buying an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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