Citigroup Increases eBay (NASDAQ:EBAY) Price Target to $48.00
eBay (NASDAQ:EBAY) had its price target boosted by Citigroup from $40.00 to $48.00 in a report released on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the e-commerce company’s stock.
EBAY has been the subject of several other reports. Canaccord Genuity raised their target price on eBay from $38.00 to $40.00 and gave the stock a hold rating in a research report on Thursday, July 18th. SunTrust Banks reaffirmed a hold rating and issued a $36.00 target price on shares of eBay in a research report on Tuesday, July 16th. UBS Group cut eBay from a buy rating to a neutral rating and set a $42.00 target price for the company. in a research report on Wednesday, September 4th. DA Davidson raised their target price on eBay to $47.00 and gave the stock a reduce rating in a research report on Thursday, July 18th. Finally, ValuEngine cut eBay from a hold rating to a sell rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $41.52.
EBAY opened at $40.29 on Monday. eBay has a 1-year low of $26.01 and a 1-year high of $42.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.91 and a beta of 1.38. The business has a 50 day moving average of $40.27 and a 200-day moving average of $38.37.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. eBay’s payout ratio is presently 24.14%.
In related news, Director Matthew J. Murphy acquired 6,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $38.79 per share, with a total value of $232,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian J. Doerger sold 19,014 shares of eBay stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $41.38, for a total value of $786,799.32. Following the transaction, the chief accounting officer now directly owns 24,844 shares of the company’s stock, valued at $1,028,044.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,942 shares of company stock valued at $10,060,557. Company insiders own 6.22% of the company’s stock.
Several large investors have recently made changes to their positions in the company. River & Mercantile Asset Management LLP increased its stake in shares of eBay by 0.6% in the second quarter. River & Mercantile Asset Management LLP now owns 388,944 shares of the e-commerce company’s stock valued at $15,361,000 after buying an additional 2,300 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of eBay by 23.8% in the second quarter. Cresset Asset Management LLC now owns 324,491 shares of the e-commerce company’s stock valued at $12,818,000 after buying an additional 62,440 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of eBay by 173.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,342 shares of the e-commerce company’s stock valued at $132,000 after buying an additional 2,121 shares in the last quarter. One Wealth Advisors LLC increased its stake in shares of eBay by 126.4% in the second quarter. One Wealth Advisors LLC now owns 15,296 shares of the e-commerce company’s stock valued at $604,000 after buying an additional 8,540 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of eBay in the second quarter valued at $138,000. Institutional investors own 86.38% of the company’s stock.
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.
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