eBay (NASDAQ:EBAY) Sets New 1-Year High - Still a Buy?

eBay Inc. (NASDAQ:EBAY - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $74.14 and last traded at $73.64, with a volume of 737406 shares traded. The stock had previously closed at $73.17.

Wall Street Analyst Weigh In

Several brokerages have commented on EBAY. Wells Fargo & Company lifted their price target on eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on eBay from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Evercore ISI lifted their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Piper Sandler lifted their price objective on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price objective on eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $67.42.

eBay Trading Up 1.9%

The company has a 50-day simple moving average of $67.94 and a 200-day simple moving average of $66.37. 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 stock has a market cap of $35.01 billion, a P/E ratio of 19.08, a P/E/G ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) 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 firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.53%. eBay's payout ratio is 27.62%.

Insider Transactions at eBay

In other news, SVP Julie A. Loeger sold 92,895 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president now owns 123,282 shares in the company, valued at $8,883,700.92. The trade was a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was a 30.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 280,650 shares of company stock worth $19,637,729 over the last 90 days. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Investment Management LLC raised its position in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after acquiring an additional 7,074 shares during the last quarter. Van ECK Associates Corp increased its holdings in eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock valued at $8,800,000 after purchasing an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after purchasing an additional 2,110 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in eBay in the fourth quarter valued at about $8,644,000. Finally, TCW Group Inc. increased its holdings in eBay by 45.8% in the fourth quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company's stock valued at $3,339,000 after purchasing an additional 16,919 shares during the last quarter. Institutional investors 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.