eBay (NASDAQ:EBAY) Reaches New 12-Month High - Time to Buy?

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $80.30 and last traded at $80.31, with a volume of 465338 shares trading hands. The stock had previously closed at $79.03.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of analyst reports. Piper Sandler increased their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Citizens Jmp raised eBay to a "hold" rating in a report on Thursday, July 10th. UBS Group boosted their price objective on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Cfra Research raised eBay to a "moderate buy" rating in a report on Thursday, June 5th. Finally, Truist Financial lifted their target price on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, eBay presently has an average rating of "Hold" and an average target price of $68.38.

eBay Trading Up 3.5%

The stock has a market capitalization of $37.69 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.21 and a beta of 1.26. The firm's 50 day simple moving average is $75.13 and its two-hundred day simple moving average is $69.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. eBay's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, May 30th. eBay's payout ratio is 27.62%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 12,644 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $79.06, for a total value of $999,634.64. Following the transaction, the chief executive officer directly owned 325,053 shares in the company, valued at $25,698,690.18. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president directly owned 123,282 shares of the company's stock, valued at $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,222 shares of company stock worth $25,143,522 in the last 90 days. Insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On eBay

Several large investors have recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. raised its stake in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP increased its position in shares of eBay by 4.6% during the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock valued at $791,714,000 after buying an additional 510,629 shares during the period. Invesco Ltd. lifted its holdings in shares of eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after buying an additional 627,823 shares in the last quarter. Northern Trust Corp boosted its position in shares of eBay by 4.4% in the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock valued at $481,525,000 after acquiring an additional 300,216 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in eBay by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after acquiring an additional 245,624 shares in the last quarter. Hedge funds and other 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.