eBay Inc. (NASDAQ:EBAY) Given Average Recommendation of “Hold” by Brokerages

eBay Inc. (NASDAQ:EBAY) has been given a consensus recommendation of “Hold” by the twenty-nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $67.73.

A number of research firms recently commented on EBAY. Needham & Company LLC lifted their target price on eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Barclays boosted their price target on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Piper Sandler boosted their price target on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley boosted their price target on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st.

eBay Price Performance

Shares of EBAY stock opened at $77.36 on Wednesday. eBay has a fifty-two week low of $51.72 and a fifty-two week high of $79.84. The firm has a market capitalization of $35.66 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.22 and a beta of 1.27. 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’s 50-day simple moving average is $70.22 and its 200-day simple moving average is $67.30.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay’s payout ratio is 27.62%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company’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 completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 296,279 shares of company stock worth $20,872,193 in the last three months. 0.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eBay

Hedge funds have recently modified their holdings of the business. Wealth Preservation Advisors LLC purchased a new position in shares of eBay during the 1st quarter worth $26,000. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in shares of eBay during the 4th quarter worth $27,000. Abound Financial LLC purchased a new position in shares of eBay during the 1st quarter worth $29,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of eBay during the 4th quarter worth $31,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Company Profile

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.