eBay Inc. (NASDAQ:EBAY) Receives $49.21 Average PT from Analysts

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $49.21.

Several equities research analysts recently commented on EBAY shares. Wells Fargo & Company boosted their price target on shares of eBay from $45.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, April 4th. Susquehanna upped their price target on shares of eBay from $43.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. Barclays lifted their price objective on eBay from $55.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. BMO Capital Markets increased their target price on eBay from $49.00 to $53.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th. Finally, Piper Sandler raised their target price on eBay from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, February 28th.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company's stock in a transaction dated 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 $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.21% of the company's stock.

Institutional Trading of eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of eBay by 9.5% during the first quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company's stock worth $2,404,000 after purchasing an additional 3,655 shares in the last quarter. Raymond James Trust N.A. increased its holdings in eBay by 21.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company's stock worth $526,000 after purchasing an additional 1,638 shares during the period. Sei Investments Co. raised its position in eBay by 34.7% in the 1st quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company's stock valued at $26,460,000 after purchasing an additional 118,952 shares in the last quarter. Aviva PLC boosted its stake in shares of eBay by 6.2% in the 1st quarter. Aviva PLC now owns 223,976 shares of the e-commerce company's stock valued at $12,825,000 after buying an additional 13,127 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of eBay by 17.0% during the first quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company's stock worth $614,000 after buying an additional 1,555 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of eBay stock traded down $0.58 on Friday, hitting $51.31. The company's stock had a trading volume of 4,246,554 shares, compared to its average volume of 6,584,891. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. eBay has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a fifty day moving average price of $48.43 and a 200-day moving average price of $44.02.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.03 by $0.04. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. eBay's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. As a group, sell-side analysts anticipate that eBay will post 3.69 earnings per share for the current fiscal year.

eBay announced that its board has initiated a stock repurchase program on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.10%. This is a positive change from eBay's previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. eBay's payout ratio is presently 20.69%.

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.