BidaskClub Lowers eBay (EBAY) to Buy
BidaskClub cut shares of eBay (NASDAQ:EBAY) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.
A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of eBay from a hold rating to a sell rating in a research report on Tuesday, March 5th. DA Davidson lifted their price objective on shares of eBay to $44.00 and gave the company a buy rating in a research report on Monday, March 4th. Barclays lifted their price objective on shares of eBay to $46.00 and gave the company an overweight rating in a research report on Monday, March 4th. TheStreet upgraded shares of eBay from a c+ rating to a b- rating in a research report on Wednesday, January 30th. Finally, Imperial Capital lowered their price objective on shares of eBay from $64.00 to $56.00 in a research report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $39.13.
Shares of eBay stock opened at $36.35 on Tuesday. eBay has a 12 month low of $26.01 and a 12 month high of $43.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $33.19 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36.
The business also recently announced a Not Available dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 28th. eBay’s payout ratio is currently 24.14%.
In other eBay news, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the sale, the vice president now directly owns 39,544 shares in the company, valued at approximately $1,356,359.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Holmes Swan bought 17,787 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were bought at an average price of $28.21 per share, for a total transaction of $501,771.27. Following the completion of the transaction, the director now directly owns 289,207 shares in the company, valued at approximately $8,158,529.47. The disclosure for this purchase can be found here. 6.22% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Clean Yield Group purchased a new stake in shares of eBay in the 4th quarter worth about $28,000. Lindbrook Capital LLC purchased a new stake in shares of eBay in the 4th quarter worth about $35,000. Berman Capital Advisors LLC purchased a new stake in shares of eBay in the 4th quarter worth about $41,000. Financial Gravity Companies Inc. purchased a new stake in shares of eBay in the 4th quarter worth about $42,000. Finally, JOYN Advisors Inc. boosted its position in shares of eBay by 64.0% in the 4th quarter. JOYN Advisors Inc. now owns 2,320 shares of the e-commerce company’s stock worth $65,000 after buying an additional 905 shares in the last quarter. Institutional investors own 85.99% of the company’s stock.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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