eBay (NASDAQ:EBAY) had its target price increased by Citigroup from $40.00 to $48.00 in a research note issued to investors on Thursday morning, The Fly reports. They currently have a buy rating on the e-commerce company’s stock.

Other analysts have also recently issued reports about the company. Deutsche Bank boosted their price target on Texas Instruments from $100.00 to $110.00 and gave the stock a hold rating in a report on Wednesday, April 24th. ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Thursday, March 21st. Robert W. Baird reduced their price target on Waters from $211.00 to $209.00 and set a neutral rating on the stock in a report on Wednesday, April 24th. BMO Capital Markets boosted their price target on Inflarx to $64.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. Finally, SunTrust Banks boosted their price target on Brown & Brown to $40.00 and gave the stock a buy rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $41.37.

Shares of NASDAQ EBAY opened at $40.21 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.31. The firm has a market capitalization of $35.04 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.93 and a beta of 1.35. eBay has a 12 month low of $26.01 and a 12 month high of $42.00. The business’s 50-day simple moving average is $38.96.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, equities research analysts forecast that eBay will post 2.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is presently 24.14%.

In other eBay news, CFO Scott F. Schenkel sold 89,707 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the transaction, the chief financial officer now directly owns 273,283 shares in the company, valued at approximately $10,521,395.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kristin A. Yetto sold 25,156 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $37.41, for a total value of $941,085.96. Following the transaction, the senior vice president now owns 74,547 shares in the company, valued at $2,788,803.27. The disclosure for this sale can be found here. Insiders sold 187,199 shares of company stock worth $7,176,017 over the last quarter. 6.22% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. boosted its holdings in shares of eBay by 2.6% during the 1st quarter. Fulton Bank N.A. now owns 10,929 shares of the e-commerce company’s stock worth $405,000 after buying an additional 272 shares in the last quarter. Parallel Advisors LLC raised its position in shares of eBay by 10.0% during the first quarter. Parallel Advisors LLC now owns 3,021 shares of the e-commerce company’s stock worth $112,000 after purchasing an additional 274 shares during the period. Cable Hill Partners LLC raised its position in shares of eBay by 64.6% during the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 295 shares during the period. First Allied Advisory Services Inc. raised its position in shares of eBay by 1.1% during the first quarter. First Allied Advisory Services Inc. now owns 33,293 shares of the e-commerce company’s stock worth $1,243,000 after purchasing an additional 352 shares during the period. Finally, Brand Asset Management Group Inc. raised its position in shares of eBay by 69.6% during the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 86.32% of the company’s stock.

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.

Featured Story: Futures Contract

The Fly

Analyst Recommendations for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.