eBay Inc. (NASDAQ:EBAY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of eBay Inc. (NASDAQ:EBAY) have been given an average rating of “Hold” by the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have issued a 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 $53.71.

A number of analysts have recently issued reports on EBAY shares. TD Cowen lifted their price target on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price target on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and issued a $58.00 price target on shares of eBay in a research note on Monday, June 17th. Finally, Barclays lifted their price objective on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd.

eBay Stock Up 1.1 %

eBay stock opened at $53.25 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay has a 52 week low of $37.17 and a 52 week high of $55.35. The business’s 50-day moving average price is $52.50 and its 200 day moving average price is $48.41. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company earned $0.87 earnings per share. eBay’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that eBay will post 3.72 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio is presently 21.51%.

Insider Buying and Selling at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The disclosure for this sale can be found here. Insiders sold a total of 59,558 shares of company stock valued at $3,001,254 in the last ninety days. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Hedge funds have recently bought and sold shares of the company. Washington Trust Advisors Inc. purchased a new position in eBay in the 1st quarter valued at approximately $30,000. LRI Investments LLC purchased a new position in eBay during the first quarter worth $29,000. CVA Family Office LLC purchased a new position in eBay during the fourth quarter worth $25,000. American National Bank increased its position in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in 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. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.