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

Shares of eBay Inc. (NASDAQ:EBAY) have received a consensus recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $67.65.

Several research firms have commented on EBAY. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. TD Securities lifted their price target on eBay from $62.00 to $64.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Stifel Nicolaus boosted their price objective on eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Truist Financial raised their target price on eBay from $62.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets lifted their target price on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 92,895 shares of eBay stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total value of $6,694,013.70. Following the transaction, the senior vice president now directly owns 123,282 shares of the company’s stock, valued at $8,883,700.92. The trade was a 42.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 2,985 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the transaction, the senior vice president now owns 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,635 shares of company stock worth $19,872,559. 0.64% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC acquired a new stake in eBay in the 4th quarter worth $696,000. Golden State Wealth Management LLC bought a new stake in shares of eBay in the fourth quarter valued at about $27,000. Stephens Inc. AR lifted its stake in shares of eBay by 0.5% in the fourth quarter. Stephens Inc. AR now owns 91,858 shares of the e-commerce company’s stock valued at $5,691,000 after buying an additional 434 shares during the period. Savant Capital LLC grew its position in eBay by 5.4% during the fourth quarter. Savant Capital LLC now owns 18,341 shares of the e-commerce company’s stock worth $1,136,000 after buying an additional 938 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in eBay by 27.2% during the fourth quarter. Essex Financial Services Inc. now owns 4,177 shares of the e-commerce company’s stock valued at $259,000 after acquiring an additional 894 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $78.77 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $36.31 billion, a PE ratio of 19.79, a P/E/G ratio of 2.22 and a beta of 1.27. eBay has a 1-year low of $51.72 and a 1-year high of $79.84. The business’s fifty day moving average price is $69.23 and its two-hundred day moving average price is $67.01.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts expect that eBay will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

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.