Robert W. Baird Raises eBay (NASDAQ:EBAY) Price Target to $70.00

eBay (NASDAQ:EBAY) had its price target lifted by Robert W. Baird from $62.00 to $70.00 in a research note released on Friday, Benzinga reports. They currently have an outperform rating on the e-commerce company’s stock.

Several other research analysts have also recently weighed in on EBAY. Morgan Stanley upped their price target on shares of eBay from $61.00 to $64.00 and gave the stock an overweight rating in a report on Friday, July 19th. Wolfe Research assumed coverage on eBay in a report on Tuesday, July 16th. They issued a peer perform rating on the stock. Bank of America lifted their price target on eBay from $57.00 to $65.00 and gave the company a neutral rating in a research report on Tuesday, September 24th. Evercore ISI upped their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an in-line rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of eBay from $64.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 1st. One equities research 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’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of Hold and an average target price of $58.05.

eBay Stock Up 0.4 %

Shares of NASDAQ EBAY opened at $66.33 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market cap of $33.30 billion, a P/E ratio of 13.21, a P/E/G ratio of 2.59 and a beta of 1.32. eBay has a 52 week low of $37.17 and a 52 week high of $67.72. The business has a 50-day simple moving average of $60.87 and a two-hundred day simple moving average of $55.57.

eBay (NASDAQ:EBAY) last released its quarterly earnings data 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 during 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%. Research analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,224 shares of company stock valued at $2,600,666. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC increased its holdings in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of eBay in the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. bought a new position in eBay in the 1st quarter worth about $30,000. Finally, LRI Investments LLC purchased a new stake in eBay during the 1st quarter valued at about $29,000. Institutional investors 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.