eBay (NASDAQ:EBAY) Given New $75.00 Price Target at Robert W. Baird

eBay (NASDAQ:EBAY - Free Report) had its price target upped by Robert W. Baird from $68.00 to $75.00 in a research note released on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the e-commerce company's stock.

Several other equities research analysts have also issued reports on EBAY. Wells Fargo & Company dropped their price objective on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. UBS Group increased their price target on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday. BMO Capital Markets upped their target price on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Susquehanna raised their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price target on eBay from $63.00 to $61.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.12.

eBay Trading Up 1.4 %

Shares of NASDAQ EBAY traded up $0.93 during trading on Thursday, hitting $68.60. 5,892,928 shares of the company traded hands, compared to its average volume of 4,975,647. 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 has a market capitalization of $31.97 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a 50-day moving average price of $65.83 and a 200-day moving average price of $65.02. eBay has a 1 year low of $49.25 and a 1 year high of $71.61.

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

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 1.69%. eBay's dividend payout ratio is currently 29.07%.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. 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 ninety days. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its stake 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 worth $1,765,148,000 after acquiring an additional 3,149,934 shares during the period. Independent Franchise Partners LLP lifted its position in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Nordea Investment Management AB boosted its stake in eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after purchasing an additional 335,035 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after purchasing an additional 245,624 shares during the period. Finally, Northern Trust Corp raised its stake in shares of eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock worth $421,834,000 after buying an additional 1,030,292 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

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.