eBay (NASDAQ:EBAY) Price Target Increased to $65.00 by Analysts at Barclays

eBay (NASDAQ:EBAY) had its price objective upped by Barclays from $61.00 to $65.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the e-commerce company’s stock.

Other equities analysts have also recently issued research reports about the company. Truist Financial boosted their price objective on eBay from $47.00 to $48.00 and gave the company a hold rating in a report on Thursday, February 29th. Susquehanna raised their price objective on eBay from $43.00 to $52.00 and gave the company a neutral rating in a report on Thursday, February 29th. Robert W. Baird upped their target price on eBay from $50.00 to $57.00 and gave the stock an outperform rating in a research note on Thursday. StockNews.com upgraded eBay from a hold rating to a buy rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price target on shares of eBay from $45.00 to $47.00 and gave the stock an equal weight rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $51.35.

eBay Stock Performance

Shares of EBAY stock traded up $0.26 on Thursday, hitting $49.65. The company had a trading volume of 6,896,723 shares, compared to its average volume of 5,298,042. The firm has a market cap of $25.14 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. The company has a 50-day moving average price of $50.70 and a 200-day moving average price of $44.77. The company has a quick ratio of 2.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay has a twelve month low of $37.17 and a twelve month high of $52.93.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. As a group, equities research analysts predict that eBay will post 3.75 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

eBay declared that its board has authorized a share buyback program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently made changes to their positions in EBAY. CVA Family Office LLC acquired a new stake in shares of eBay during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp increased its holdings in 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 purchasing an additional 310 shares during the last quarter. American National Bank increased its holdings in eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in eBay in the 3rd quarter valued at approximately $46,000. Finally, Riverview Trust Co acquired a new stake in eBay in the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.