Evercore ISI Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY - Free Report) had its target price upped by Evercore ISI from $63.00 to $69.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an in-line rating on the e-commerce company's stock.

EBAY has been the topic of a number of other research reports. Susquehanna lifted their price objective on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Needham & Company LLC boosted their target price on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and cut their price target for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, eBay has a consensus rating of "Hold" and an average target price of $67.12.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.93 during trading on Thursday, reaching $68.60. The company had a trading volume of 5,892,928 shares, compared to its average volume of 4,975,647. eBay has a fifty-two week low of $49.25 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock's fifty day moving average price is $65.83 and its 200 day moving average price is $65.02. The firm has a market capitalization of $31.97 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company posted $1.25 EPS. eBay's revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts predict that eBay will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.69%. eBay's dividend payout ratio (DPR) is presently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 in the last three months. Company insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in eBay during the fourth quarter worth approximately $27,000. Abound Financial LLC acquired a new stake in shares of eBay in the first quarter worth $29,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the fourth quarter worth $31,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of eBay in the 4th quarter valued at $33,000. 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.