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.

Several hedge funds have recently modified their holdings of EBAY. FMR LLC increased its position in shares of eBay by 136.3% during the second quarter. FMR LLC now owns 18,491,744 shares of the e-commerce company’s stock worth $969,892,000 after acquiring an additional 10,666,647 shares in the last quarter. Nordea Investment Management AB increased its position in shares of eBay by 53.1% during the second quarter. Nordea Investment Management AB now owns 22,314,546 shares of the e-commerce company’s stock worth $1,162,588,000 after acquiring an additional 7,736,826 shares in the last quarter. AKO Capital LLP increased its position in shares of eBay by 49.7% during the second quarter. AKO Capital LLP now owns 8,457,726 shares of the e-commerce company’s stock worth $443,608,000 after acquiring an additional 2,808,388 shares in the last quarter. LSV Asset Management increased its position in shares of eBay by 31.9% during the second quarter. LSV Asset Management now owns 9,165,598 shares of the e-commerce company’s stock worth $480,735,000 after acquiring an additional 2,214,687 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of eBay by 29.8% during the second quarter. First Trust Advisors LP now owns 8,338,771 shares of the e-commerce company’s stock worth $437,369,000 after acquiring an additional 1,914,125 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

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%.

About eBay

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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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