eBay Inc. (NASDAQ:EBAY) Given Consensus Rating of “Hold” by Brokerages

eBay Inc. (NASDAQ:EBAY) has earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $53.84.

A number of equities analysts recently commented on EBAY shares. JPMorgan Chase & Co. began coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. Truist Financial raised their price objective on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company increased their price target on shares of eBay from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 25th. Finally, Barclays lifted their price objective on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd.

eBay Price Performance

Shares of EBAY stock opened at $53.12 on Friday. eBay has a twelve month low of $37.17 and a twelve month high of $55.69. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $53.38 and a two-hundred day simple moving average of $49.62. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 2.44 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. On average, analysts predict that eBay will post 3.73 EPS for the current fiscal year.

Insider Activity

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were 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 in the company, valued at $8,803,915.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were 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 owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. Insiders have sold 59,558 shares of company stock worth $3,001,254 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay during the second quarter worth $26,000. Hobbs Group Advisors LLC acquired a new stake in eBay in the 2nd quarter valued at about $29,000. Washington Trust Advisors Inc. purchased a new position in eBay in the 1st quarter worth approximately $30,000. LRI Investments LLC acquired a new position in shares of eBay during the 1st quarter worth approximately $29,000. Finally, CVA Family Office LLC purchased a new stake in shares of eBay in the fourth quarter valued at approximately $25,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.