eBay (NASDAQ:EBAY) Stock Price Expected to Rise, Morgan Stanley Analyst Says

eBay (NASDAQ:EBAY) had its target price lifted by Morgan Stanley from $70.00 to $72.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the e-commerce company’s stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and cut their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Truist Financial raised their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Citigroup raised their target price on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Benchmark restated a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.96.

eBay Stock Down 0.3 %

Shares of NASDAQ EBAY opened at $65.72 on Monday. The business’s fifty day moving average price is $63.34 and its 200-day moving average price is $60.75. The stock has a market capitalization of $31.48 billion, a PE ratio of 16.51, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay has a one year low of $40.16 and a one year high of $71.52.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.64%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,283 shares of company stock valued at $1,715,462 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Large investors have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of eBay in the 3rd quarter worth approximately $36,000. USA Financial Formulas bought a new stake in shares of eBay in the 3rd quarter worth approximately $38,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay in the 3rd quarter worth approximately $50,000. Versant Capital Management Inc grew its position in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

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.