eBay Inc (NASDAQ:EBAY) has received an average rating of “Hold” from the thirty-two analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $41.52.
EBAY has been the subject of a number of recent research reports. Barclays lifted their price objective on eBay from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective on shares of eBay in a research note on Monday, July 15th. Morgan Stanley lifted their price objective on eBay from $34.50 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. Finally, Canaccord Genuity lifted their price objective on eBay from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, July 18th.
Shares of EBAY traded down $0.14 on Friday, reaching $39.50. The stock had a trading volume of 3,171,156 shares, compared to its average volume of 9,023,986. The firm has a market capitalization of $33.27 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. The company’s 50-day moving average price is $40.18. eBay has a 12-month low of $26.01 and a 12-month high of $42.00.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts predict that eBay will post 2.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is currently 24.14%.
In other news, Director Matthew J. Murphy acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $38.79 per share, with a total value of $232,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Devin Wenig sold 10,000 shares of eBay stock in a transaction on Monday, July 1st. The stock was sold at an average price of $39.75, for a total value of $397,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,039,610 shares of the company’s stock, valued at approximately $41,324,497.50. The disclosure for this sale can be found here. Insiders sold 232,942 shares of company stock valued at $9,661,957 in the last ninety days. 6.22% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Chemical Bank lifted its position in shares of eBay by 87.9% in the second quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock valued at $1,170,000 after acquiring an additional 13,856 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of eBay by 10.2% in the second quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock worth $35,781,000 after buying an additional 84,212 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of eBay by 67.1% in the second quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock worth $399,000 after buying an additional 4,056 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of eBay by 57.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,742 shares of the e-commerce company’s stock worth $102,000 after buying an additional 996 shares in the last quarter. Finally, Carillon Tower Advisers Inc. lifted its position in shares of eBay by 420.3% in the first quarter. Carillon Tower Advisers Inc. now owns 599,925 shares of the e-commerce company’s stock worth $22,281,000 after buying an additional 484,625 shares in the last quarter. 89.00% of the stock is owned by institutional investors.
eBay Company Profile
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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