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

Shares of eBay Inc. (NASDAQ:EBAY) have been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.67.

A number of brokerages have weighed in on EBAY. Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 price objective (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Robert W. Baird upped their price objective on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Truist Financial upped their price objective on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 6th.

eBay Price Performance

NASDAQ:EBAY opened at $67.17 on Friday. The company has a 50-day moving average of $60.01 and a 200-day moving average of $55.14. The company has a market capitalization of $33.72 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.45 and a beta of 1.32. eBay has a 52 week low of $37.17 and a 52 week high of $67.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. As a group, equities research analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the transaction, the chief executive officer now owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,224 shares of company stock worth $2,600,666 over the last quarter. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Wealth Group Ltd acquired a new position in eBay during the 3rd quarter worth approximately $543,000. USA Financial Formulas purchased a new stake in shares of eBay during the 3rd quarter worth approximately $38,000. Wedmont Private Capital boosted its stake in shares of eBay by 20.5% during the 3rd quarter. Wedmont Private Capital now owns 8,292 shares of the e-commerce company’s stock worth $554,000 after acquiring an additional 1,410 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of eBay by 58.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,065 shares of the e-commerce company’s stock worth $395,000 after acquiring an additional 2,236 shares in the last quarter. Finally, City Center Advisors LLC purchased a new stake in shares of eBay during the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

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.