eBay (NASDAQ:EBAY) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of eBay (NASDAQ:EBAY) from a hold rating to a buy rating in a report released on Sunday morning.

Other equities analysts have also recently issued research reports about the company. Truist Financial boosted their price target on eBay from $47.00 to $48.00 and gave the company a hold rating in a research report on Thursday, February 29th. Wells Fargo & Company upped their price target on eBay from $45.00 to $47.00 and gave the stock an equal weight rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft increased their price target on eBay from $55.00 to $58.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Piper Sandler boosted their price objective 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. Finally, Barclays upped their price objective on shares of eBay from $55.00 to $61.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of Hold and an average target price of $49.21.

eBay Stock Performance

Shares of eBay stock opened at $49.45 on Friday. The firm’s fifty day simple moving average is $48.91 and its 200-day simple moving average is $44.16. eBay has a 12 month low of $37.17 and a 12 month high of $52.93. The stock has a market capitalization of $25.62 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 2.05 and a beta of 1.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $0.87 EPS. eBay’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that eBay will post 3.69 earnings per share for the current year.

eBay announced that its board has authorized a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. This is an increase from eBay’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. eBay’s payout ratio is presently 20.69%.

Insider Activity

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’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 sale, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently bought and sold shares of the stock. CVA Family Office LLC acquired a new position in shares of eBay in the fourth quarter worth $25,000. SkyView Investment Advisors LLC acquired a new position in eBay in the 1st quarter valued at about $27,000. Almanack Investment Partners LLC. purchased a new position in eBay in the 3rd quarter valued at about $28,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of eBay during the 4th quarter worth about $29,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.