Analysts Set eBay Inc. (NASDAQ:EBAY) PT at $67.65

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have been given an average recommendation of "Hold" by the twenty-nine research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $67.73.

EBAY has been the topic of several research analyst reports. BMO Capital Markets increased their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Piper Sandler increased their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Truist Financial raised their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on eBay from $60.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus increased their price target on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 1st.

Insider Activity

In other news, SVP Julie A. Loeger sold 127,070 shares of the company's stock in a transaction dated 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 sale, the senior vice president now owns 123,282 shares in the company, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. This represents a 30.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 296,279 shares of company stock worth $20,872,193. Company insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Impax Asset Management Group plc lifted its stake in shares of eBay by 2,536.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after acquiring an additional 3,401,198 shares during the period. Ameriprise Financial Inc. lifted its position in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Nuveen LLC purchased a new stake in eBay in the 1st quarter worth approximately $202,346,000. Independent Franchise Partners LLP lifted its position in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after buying an additional 2,277,839 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in eBay by 5,181.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after buying an additional 2,154,735 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Trading Down 0.1%

Shares of NASDAQ EBAY traded down $0.08 during midday trading on Wednesday, reaching $77.36. The company had a trading volume of 3,415,910 shares, compared to its average volume of 4,987,249. eBay has a one year low of $51.72 and a one year high of $79.84. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm's fifty day moving average price is $70.22 and its 200-day moving average price is $67.26. The stock has a market cap of $35.66 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27.

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

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. eBay's payout ratio is currently 27.62%.

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.