eBay Inc. (NASDAQ:EBAY) Receives $58.60 Average Target Price from Analysts
eBay Inc. (NASDAQ:EBAY) has been assigned an average recommendation of “Hold” from the thirty-one ratings firms that are presently covering the firm, Marketbeat reports. Nineteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $58.52.
A number of brokerages have recently issued reports on EBAY. 140166 upped their target price on shares of eBay from $57.00 to $66.00 in a research report on Wednesday, July 29th. Cfra upgraded shares of eBay from a “sell” rating to a “hold” rating in a research report on Thursday, August 20th. Bank of America upped their target price on shares of eBay from $52.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. DA Davidson upped their target price on shares of eBay from $57.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets lowered shares of eBay from a “positive” rating to a “market perform” rating and upped their target price for the stock from $52.00 to $59.00 in a research report on Wednesday, July 22nd.
In other eBay news, SVP Marie Oh Huber sold 53,869 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $55.31, for a total value of $2,979,494.39. Following the sale, the senior vice president now directly owns 55,929 shares in the company, valued at $3,093,432.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Brian J. Doerger sold 23,400 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $54.40, for a total transaction of $1,272,960.00. Following the completion of the sale, the chief accounting officer now owns 35,130 shares in the company, valued at $1,911,072. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,250 shares of company stock worth $10,191,238. Company insiders own 5.02% of the company’s stock.
Shares of eBay stock opened at $55.83 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $39.07 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.44 and a beta of 1.33. eBay has a 1-year low of $26.02 and a 1-year high of $61.06. The firm’s 50-day moving average price is $52.67 and its two-hundred day moving average price is $48.73.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.18. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.80 billion. eBay had a net margin of 46.91% and a return on equity of 77.65%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, equities research analysts predict that eBay will post 3.04 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.64 annualized dividend and a yield of 1.15%. eBay’s dividend payout ratio (DPR) is presently 27.59%.
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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