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

Shares of eBay Inc. (NASDAQ:EBAY) have received a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $51.45.

EBAY has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and set a $58.00 price objective on shares of eBay in a report on Thursday, May 2nd. Piper Sandler upped their target price on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Barclays upped their target price on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Morgan Stanley dropped their target price on shares of eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of eBay in a research report on Wednesday, January 10th. They set a “sell” rating and a $38.00 target price for the company.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On eBay

Large investors have recently modified their holdings of the business. SteelPeak Wealth LLC acquired a new position in shares of eBay during the 4th quarter worth about $1,767,000. Allspring Global Investments Holdings LLC boosted its stake in shares of eBay by 604.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after buying an additional 541,384 shares during the last quarter. Savant Capital LLC boosted its stake in shares of eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after buying an additional 262 shares during the last quarter. Raymond James & Associates boosted its stake in shares of eBay by 6.9% during the 1st quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock worth $46,124,000 after buying an additional 56,148 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in eBay in the 3rd quarter valued at about $798,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 0.5 %

NASDAQ:EBAY opened at $49.38 on Tuesday. The stock’s fifty day moving average price is $50.92 and its two-hundred day moving average price is $44.92. eBay has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts anticipate that eBay will post 3.75 EPS for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

eBay declared that its board has initiated a share buyback program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.