Wells Fargo & Company Raises eBay (NASDAQ:EBAY) Price Target to $63.00

eBay (NASDAQ:EBAY) had its target price boosted by Wells Fargo & Company from $55.00 to $63.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the e-commerce company’s stock.

Other analysts also recently issued research reports about the company. Citigroup increased their target price on eBay from $64.00 to $65.00 and gave the company a buy rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised their price target on shares of eBay from $38.00 to $46.00 and gave the stock a sell rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. began coverage on shares of eBay in a research report on Tuesday, June 25th. They set a neutral rating and a $60.00 price objective for the company. Robert W. Baird boosted their price target on eBay from $58.00 to $62.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Finally, Evercore ISI raised their price objective on eBay from $47.00 to $53.00 and gave the stock an in-line rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, eBay has an average rating of Hold and a consensus price target of $57.67.

eBay Stock Performance

EBAY opened at $66.29 on Thursday. The stock has a 50-day moving average of $59.76 and a 200-day moving average of $55.01. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 52-week low of $37.17 and a 52-week high of $66.47. The company has a market cap of $33.28 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, equities research analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.63%. eBay’s dividend payout ratio (DPR) is 21.51%.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently made changes to their positions in EBAY. Bank of Nova Scotia increased its holdings in eBay by 9.5% in the fourth quarter. Bank of Nova Scotia now owns 64,815 shares of the e-commerce company’s stock valued at $2,827,000 after purchasing an additional 5,624 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 310 shares during the period. Royal London Asset Management Ltd. boosted its stake in eBay by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 209,264 shares of the e-commerce company’s stock worth $9,128,000 after acquiring an additional 4,093 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in eBay by 152.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 74,589 shares of the e-commerce company’s stock valued at $3,254,000 after purchasing an additional 44,985 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in eBay by 496.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 80,263 shares of the e-commerce company’s stock valued at $3,501,000 after purchasing an additional 66,798 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.