Cantor Fitzgerald Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY - Free Report) had its target price hoisted by Cantor Fitzgerald from $65.00 to $69.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the e-commerce company's stock.

EBAY has been the subject of several other research reports. Susquehanna raised their target price on shares of eBay from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Stifel Nicolaus boosted their target price on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday. Barclays upped their price objective on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday. Evercore ISI upped their price objective on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday. Finally, Citigroup cut their price objective on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $67.32.

eBay Trading Up 2.5 %

Shares of eBay stock traded up $1.71 during trading on Thursday, hitting $70.31. The stock had a trading volume of 5,163,928 shares, compared to its average volume of 4,968,716. eBay has a 12 month low of $49.25 and a 12 month high of $71.61. The firm's fifty day simple moving average is $65.83 and its 200-day simple moving average is $65.00. The stock has a market cap of $32.76 billion, a PE ratio of 17.67, a PEG ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The company's revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. eBay's payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the sale, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,685 shares of company stock valued at $2,743,345. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. Smithfield Trust Co raised its holdings in eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after purchasing an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its stake in shares of eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after purchasing an additional 157 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in shares of eBay by 4.0% in the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after acquiring an additional 160 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after purchasing an additional 163 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.