eBay (NASDAQ:EBAY) Price Target Raised to $54.00 at SunTrust Banks
eBay (NASDAQ:EBAY) had its price target raised by SunTrust Banks from $50.00 to $54.00 in a report issued on Friday, The Fly reports. The firm currently has a hold rating on the e-commerce company’s stock.
A number of other equities analysts also recently commented on the stock. Wedbush restated an outperform rating and issued a $44.00 target price on shares of eBay in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of eBay from an underperform rating to a hold rating and upped their target price for the stock from $30.00 to $52.00 in a research note on Wednesday, June 10th. KeyCorp upped their target price on shares of eBay from $47.00 to $58.00 and gave the stock an overweight rating in a research note on Thursday, June 4th. ValuEngine upgraded shares of eBay from a sell rating to a hold rating in a research note on Wednesday, March 11th. Finally, Wells Fargo & Co upgraded shares of eBay from an underweight rating to an equal weight rating and set a $50.00 target price on the stock in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $47.58.
Shares of NASDAQ:EBAY opened at $51.31 on Friday. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.38 and a beta of 1.38. eBay has a 12 month low of $26.02 and a 12 month high of $51.88. The firm’s 50-day moving average is $46.16 and its 200 day moving average is $38.11. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.87.
The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. eBay’s payout ratio is 27.59%.
In related news, CFO Andrew John Cring sold 23,240 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the sale, the chief financial officer now owns 117,919 shares of the company’s stock, valued at $5,070,517. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Wendy Elizabeth Jones sold 62,719 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $38.48, for a total transaction of $2,413,427.12. Following the sale, the senior vice president now directly owns 68,909 shares of the company’s stock, valued at approximately $2,651,618.32. The disclosure for this sale can be found here. Corporate insiders own 5.02% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Arden Trust Co purchased a new position in shares of eBay in the first quarter worth $26,000. NWK Group Inc. purchased a new position in shares of eBay in the fourth quarter worth $27,000. Ancora Advisors LLC purchased a new position in shares of eBay in the fourth quarter worth $28,000. FSA Wealth Management LLC purchased a new position in shares of eBay in the fourth quarter worth $29,000. Finally, Archer Investment Corp purchased a new position in shares of eBay in the fourth quarter worth $30,000. 92.68% of the stock is owned by institutional investors and hedge funds.
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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