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

eBay (NASDAQ:EBAY - Free Report) had its price target upped by Susquehanna from $60.00 to $65.00 in a research note issued to investors on Monday,Benzinga reports. Susquehanna currently has a neutral rating on the e-commerce company's stock.

Other research analysts have also issued research reports about the company. Morgan Stanley raised their price objective on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Cantor Fitzgerald raised their price objective on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday. Sanford C. Bernstein raised eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. Mizuho raised their price objective on eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They set a "neutral" rating and a $70.00 price objective for the company. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.54.

eBay Stock Up 0.7 %

Shares of EBAY traded up $0.48 on Monday, reaching $65.22. The stock had a trading volume of 5,688,932 shares, compared to its average volume of 4,879,481. eBay has a 12-month low of $48.04 and a 12-month high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $31.24 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a 50-day simple moving average of $66.25 and a 200-day simple moving average of $63.91.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is 29.07%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 over the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay in the fourth quarter worth about $27,000. Orion Capital Management LLC bought a new position in shares of eBay in the fourth quarter worth about $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay in the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the fourth quarter worth about $33,000. Finally, Quarry LP bought a new position in shares of eBay in the third quarter worth about $36,000. 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.