eBay (NASDAQ:EBAY) Price Target Increased to $57.00 by Analysts at Robert W. Baird

eBay (NASDAQ:EBAY) had its price objective lifted by Robert W. Baird from $50.00 to $57.00 in a report issued on Thursday, Benzinga reports. The firm currently has an outperform rating on the e-commerce company’s stock.

A number of other research analysts have also commented on the company. BMO Capital Markets increased their price objective on eBay from $49.00 to $53.00 and gave the company a market perform rating in a report on Wednesday, February 28th. The Goldman Sachs Group started coverage on shares of eBay in a research note on Wednesday, January 10th. They issued a sell rating and a $38.00 price objective for the company. Morgan Stanley raised shares of eBay from an underweight rating to an overweight rating in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $55.00 to $58.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, Piper Sandler upped their price target on shares of eBay from $50.00 to $52.00 and gave the company an overweight rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, eBay currently has an average rating of Hold and a consensus target price of $51.35.

eBay Stock Up 0.5 %

NASDAQ:EBAY traded up $0.26 during trading hours on Thursday, hitting $49.65. 6,896,723 shares of the company’s stock traded hands, compared to its average volume of 5,298,042. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99. eBay has a twelve month low of $37.17 and a twelve month high of $52.93. The stock’s fifty day moving average price is $50.70 and its two-hundred day moving average price is $44.77. The firm has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.96 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, research analysts expect that eBay will post 3.75 earnings per share for the current fiscal year.

eBay announced that its board has authorized a stock repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Transactions at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

Institutional Trading of eBay

Several hedge funds have recently modified their holdings of the company. SteelPeak Wealth LLC acquired a new position in eBay during the 4th quarter worth about $1,767,000. Allspring Global Investments Holdings LLC raised its holdings in eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after purchasing an additional 541,384 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in eBay during the 3rd quarter valued at about $798,000. Sapient Capital LLC bought a new position in shares of eBay in the 4th quarter valued at about $955,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of eBay by 66.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 244,543 shares of the e-commerce company’s stock worth $10,591,000 after buying an additional 97,906 shares during the period. Institutional investors and hedge funds 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.