eBay (NASDAQ:EBAY) Price Target Raised to $60.00

eBay (NASDAQ:EBAY) had its price objective lifted by JPMorgan Chase & Co. from $58.00 to $60.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the e-commerce company’s stock.

Other research analysts have also issued reports about the company. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Wells Fargo & Company increased their price target on eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Tuesday, November 5th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $65.33.

eBay Stock Up 2.0 %

Shares of NASDAQ:EBAY opened at $64.74 on Thursday. The firm has a market cap of $31.01 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 12-month low of $48.04 and a 12-month high of $71.61. The business has a fifty day simple moving average of $66.22 and a 200 day simple moving average of $63.78.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s payout ratio is currently 29.07%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,149 shares of company stock valued at $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in shares of eBay in the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new position in shares of eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. purchased a new position in shares of eBay in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay in the 4th quarter worth approximately $33,000. Finally, Quarry LP purchased a new position in shares of eBay in the 3rd quarter worth approximately $36,000. Hedge funds and other 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.