eBay (NASDAQ:EBAY) Given New $64.00 Price Target at Stifel Nicolaus

eBay (NASDAQ:EBAY) had its price objective hoisted by Stifel Nicolaus from $56.00 to $64.00 in a report issued on Monday morning, Benzinga reports. They currently have a hold rating on the e-commerce company’s stock.

A number of other equities research analysts have also weighed in on EBAY. UBS Group boosted their price objective on shares of eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Bank of America boosted their target price on shares of eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Finally, Wolfe Research began coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.05.

eBay Price Performance

Shares of EBAY opened at $57.51 on Monday. The firm has a market capitalization of $28.87 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a 1-year low of $37.17 and a 1-year high of $67.80. The company’s fifty day moving average price is $63.00 and its 200-day moving average price is $56.67.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The firm 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%. On average, equities research analysts predict that eBay will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.88%. eBay’s dividend payout ratio is currently 21.51%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the sale, the chief executive officer now directly owns 553,666 shares in the company, valued at $36,852,008.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock worth $2,678,424 in the last ninety days. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay in the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its holdings in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of eBay in the 1st quarter valued at $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay in the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of eBay in the 1st quarter valued at $30,000. 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.