eBay (NASDAQ:EBAY - Free Report) had its target price boosted by Wells Fargo & Company from $62.00 to $63.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the e-commerce company's stock.
Other analysts have also recently issued research reports about the stock. Truist Financial raised their target price on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday. Susquehanna lifted their price objective on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. UBS Group raised their price objective on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Cantor Fitzgerald upped their target price on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $67.32.
View Our Latest Analysis on eBay
eBay Stock Performance
NASDAQ EBAY traded up $1.71 during trading on Thursday, reaching $70.31. The company's stock had a trading volume of 5,163,928 shares, compared to its average volume of 5,610,518. The business's fifty day moving average price is $65.83 and its 200-day moving average price is $65.00. eBay has a twelve month low of $49.24 and a twelve month high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $32.76 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.22 and a beta of 1.30.
eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $1.25 EPS. The company's revenue was up 1.1% on a year-over-year basis. As a group, analysts anticipate that eBay will post 3.86 EPS for the current fiscal year.
eBay Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. eBay's dividend payout ratio (DPR) is currently 27.62%.
Insider Buying and Selling
In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,685 shares of company stock worth $2,743,345. Corporate insiders own 0.38% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter worth approximately $27,000. Abound Financial LLC purchased a new stake in eBay in the 1st quarter valued at about $29,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay in the 4th quarter worth $31,000. Finally, Itau Unibanco Holding S.A. bought a new position in eBay in the fourth quarter worth approximately $33,000. Institutional investors own 87.48% of the company's stock.
About eBay
(
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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.
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