eBay Inc. (NASDAQ:EBAY - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $52.99 and last traded at $52.93, with a volume of 3427651 shares changing hands. The stock had previously closed at $52.42.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. TD Cowen raised their target price on shares of eBay from $42.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, May 2nd. Piper Sandler upped their price target on shares of eBay from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Barclays increased their price objective on shares of eBay from $61.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird upped their target price on shares of eBay from $50.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and a consensus price target of $51.45.
Get Our Latest Stock Report on eBay
eBay Stock Up 0.5 %
The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market cap of $26.67 billion, a PE ratio of 10.44, a P/E/G ratio of 2.03 and a beta of 1.31. The company's 50 day moving average is $51.33 and its 200 day moving average is $45.44.
eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company's revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that eBay Inc. will post 3.72 earnings per share for the current fiscal year.
eBay Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.05%. eBay's dividend payout ratio is presently 21.51%.
eBay announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Insider Activity at eBay
In other news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now owns 31,888 shares of the company's stock, valued at approximately $1,372,140.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Edward O. Garcia sold 1,165 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares of the company's stock, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.
Institutional Trading of eBay
A number of institutional investors have recently bought and sold shares of EBAY. Vanguard Group Inc. raised its holdings in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. raised its stake in eBay by 39.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company's stock worth $547,516,000 after acquiring an additional 3,534,030 shares during the last quarter. M&G Plc acquired a new stake in eBay during the 1st quarter worth about $97,557,000. Pacer Advisors Inc. grew its stake in eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company's stock valued at $254,712,000 after purchasing an additional 1,491,485 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of eBay in the fourth quarter valued at about $53,019,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
About eBay
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
