eBay (NASDAQ:EBAY) Given New $80.00 Price Target at Robert W. Baird

eBay (NASDAQ:EBAY - Free Report) had its target price raised by Robert W. Baird from $75.00 to $80.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the e-commerce company's stock.

EBAY has been the subject of several other reports. TD Securities upped their target price on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. JMP Securities restated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Morgan Stanley raised their target price on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, Wedbush reissued a "neutral" rating and issued a $72.00 price target on shares of eBay in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $68.12.

eBay Stock Down 0.1%

EBAY traded down $0.11 during midday trading on Thursday, reaching $77.11. 3,593,286 shares of the company were exchanged, compared to its average volume of 5,051,451. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The company's fifty day moving average price is $74.41 and its 200 day moving average price is $68.95. The company has a market cap of $35.55 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. eBay has a one year low of $53.10 and a one year high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, analysts expect that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. eBay's dividend payout ratio is currently 27.62%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer owned 306,651 shares in the company, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 326,183 shares of company stock worth $23,490,942. Insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of eBay by 18.7% in the second quarter. Farther Finance Advisors LLC now owns 5,455 shares of the e-commerce company's stock worth $406,000 after purchasing an additional 858 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of eBay by 50.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 187,126 shares of the e-commerce company's stock worth $13,928,000 after purchasing an additional 62,600 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in shares of eBay by 2.6% in the second quarter. NorthCrest Asset Manangement LLC now owns 17,249 shares of the e-commerce company's stock worth $1,317,000 after purchasing an additional 440 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of eBay by 147.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 196,942 shares of the e-commerce company's stock worth $15,038,000 after purchasing an additional 117,490 shares during the period. Finally, Wedmont Private Capital increased its holdings in shares of eBay by 3.3% in the second quarter. Wedmont Private Capital now owns 9,498 shares of the e-commerce company's stock worth $725,000 after purchasing an additional 303 shares during the period. 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.