Brokerages Set eBay Inc. (NASDAQ:EBAY) Price Target at $67.85

eBay Inc. (NASDAQ:EBAY - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-nine ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.85.

EBAY has been the subject of a number of research reports. Needham & Company LLC raised their target price on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. TD Securities raised their target price on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Cantor Fitzgerald raised their target price on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Finally, Barclays lifted their price objective on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st.

Insiders Place Their Bets

In other news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president owned 123,282 shares in the company, valued at $8,559,469.26. The trade was a 50.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the sale, the senior vice president owned 44,413 shares in the company, valued at $3,436,677.94. The trade was a 34.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 326,183 shares of company stock worth $23,490,942. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On eBay

Institutional investors have recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in eBay in the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new stake in eBay in the 1st quarter valued at approximately $29,000. Orion Capital Management LLC bought a new stake in eBay in the 4th quarter valued at approximately $27,000. Pinney & Scofield Inc. bought a new stake in eBay in the 4th quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the 4th quarter worth approximately $33,000. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ EBAY traded up $0.56 during midday trading on Friday, reaching $76.34. 2,162,941 shares of the company traded hands, compared to its average volume of 5,047,638. The firm has a market cap of $35.19 billion, a PE ratio of 18.18, a PEG ratio of 2.13 and a beta of 1.26. The stock's 50-day simple moving average is $73.53 and its 200-day simple moving average is $68.56. eBay has a 12 month low of $52.15 and a 12 month high of $79.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period 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. As a group, equities analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 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.