eBay (NASDAQ:EBAY) Price Target Raised to $50.00
eBay (NASDAQ:EBAY) had its price objective increased by Benchmark from $45.00 to $50.00 in a report issued on Thursday morning, The Fly reports. They currently have a buy rating on the e-commerce company’s stock.
Several other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. UBS Group upped their price target on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a sell rating in a report on Wednesday, April 24th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Thursday, March 21st. SunTrust Banks upped their price target on shares of Brown & Brown to $40.00 and gave the company a buy rating in a report on Tuesday, July 16th. Finally, Barclays reduced their price target on shares of Waters from $218.00 to $210.00 and set an equal weight rating on the stock in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $41.37.
Shares of eBay stock opened at $40.21 on Thursday. eBay has a 52-week low of $26.01 and a 52-week high of $42.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89. The business’s 50-day moving average price is $38.96. The firm has a market capitalization of $33.73 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is 24.14%.
In other eBay news, VP Brian J. Doerger sold 14,237 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total transaction of $541,860.22. Following the transaction, the vice president now owns 37,340 shares of the company’s stock, valued at $1,421,160.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Devin Wenig sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $39.75, for a total transaction of $397,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,039,610 shares of the company’s stock, valued at approximately $41,324,497.50. The disclosure for this sale can be found here. Insiders have sold 187,199 shares of company stock worth $7,176,017 in the last three months. Insiders own 5.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Davy Asset Management Ltd acquired a new stake in eBay during the 2nd quarter valued at $641,000. Robeco Institutional Asset Management B.V. grew its holdings in eBay by 38.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 491,017 shares of the e-commerce company’s stock valued at $19,394,000 after purchasing an additional 136,271 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in eBay during the 2nd quarter valued at $79,000. Bessemer Group Inc. grew its holdings in eBay by 67.1% during the 2nd quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock valued at $399,000 after purchasing an additional 4,056 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new stake in eBay during the 2nd quarter valued at $333,000. 86.20% of the stock is owned by institutional investors.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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