eBay’s (EBAY) Neutral Rating Reaffirmed at Wedbush

Wedbush restated their neutral rating on shares of eBay (NASDAQ:EBAYFree Report) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $72.00 target price on the e-commerce company’s stock.

Other analysts also recently issued reports about the stock. Cfra Research upgraded shares of eBay to a “moderate buy” rating in a report on Thursday, June 5th. Piper Sandler boosted their target price on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and cut their price target for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Daiwa Capital Markets raised shares of eBay from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird increased their price objective on shares of eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.73.

View Our Latest Stock Report on eBay

eBay Stock Performance

eBay stock opened at $77.88 on Wednesday. The company’s 50-day moving average price is $69.54 and its 200-day moving average price is $67.09. eBay has a twelve month low of $51.72 and a twelve month high of $79.84. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $35.90 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27.

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

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.49%. eBay’s dividend payout ratio (DPR) is 27.62%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now directly owns 590,108 shares of the company’s stock, valued at approximately $39,153,665.80. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 296,279 shares of company stock worth $20,872,193 over the last three months. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of eBay

Several institutional investors have recently modified their holdings of the stock. Impax Asset Management Group plc boosted its position in eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock worth $239,037,000 after acquiring an additional 3,401,198 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares during the period. Nuveen LLC purchased a new stake in eBay during the 1st quarter worth approximately $202,346,000. Independent Franchise Partners LLP increased its stake in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after buying an additional 2,277,839 shares during the period. Finally, Pacer Advisors Inc. increased its stake in eBay by 5,181.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock worth $148,757,000 after buying an additional 2,154,735 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

(Get Free Report)

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.

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