eBay (NASDAQ:EBAY) Price Target Raised to $95.00

eBay (NASDAQ:EBAY) had its price target increased by Susquehanna from $70.00 to $95.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the e-commerce company’s stock.

Several other research firms have also recently issued reports on EBAY. Cowen restated a “hold” rating on shares of eBay in a research report on Tuesday, July 22nd. Evercore ISI raised their price target on shares of eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. Piper Sandler lifted their price target on shares of eBay from $74.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday. Sanford C. Bernstein cut eBay from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price target on eBay from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $77.69.

eBay Trading Down 0.0%

Shares of eBay stock opened at $91.74 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $77.42 and its 200-day simple moving average is $70.76. The stock has a market cap of $42.29 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.25 and a beta of 1.27. eBay has a 1-year low of $54.55 and a 1-year high of $92.79.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay’s dividend payout ratio (DPR) is 25.55%.

Insider Activity

In other news, SVP Cornelius Boone sold 2,985 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president directly owned 92,053 shares in the company, valued at $7,241,809.51. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 92,895 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president owned 123,282 shares of the company’s stock, valued at approximately $8,883,700.92. The trade was a 42.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,222 shares of company stock worth $23,765,622 in the last ninety days. 0.64% of the stock is currently owned by insiders.

Institutional Trading of eBay

Institutional investors have recently modified their holdings of the business. Motley Fool Asset Management LLC raised its position in eBay by 6.1% in the second quarter. Motley Fool Asset Management LLC now owns 29,155 shares of the e-commerce company’s stock worth $2,171,000 after acquiring an additional 1,687 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of eBay in the 2nd quarter valued at about $257,000. Teacher Retirement System of Texas lifted its stake in shares of eBay by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after purchasing an additional 3,374 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of eBay in the second quarter valued at about $9,663,000. Finally, Convergence Investment Partners LLC boosted its holdings in eBay by 174.2% during the second quarter. Convergence Investment Partners LLC now owns 25,874 shares of the e-commerce company’s stock worth $1,927,000 after buying an additional 16,438 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.