eBay (NASDAQ:EBAY) Reaches New 52-Week High at $52.82

eBay Inc. (NASDAQ:EBAY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $52.82 and last traded at $52.45, with a volume of 1495276 shares traded. The stock had previously closed at $51.92.

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group assumed coverage on eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target for the company. Barclays increased their target price on eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. BMO Capital Markets raised their price target on eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Finally, Piper Sandler raised their target price on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.84.

eBay Stock Up 1.7 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. The stock has a market capitalization of $27.34 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. The firm has a 50 day moving average of $45.72 and a 200-day moving average of $43.27.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the business earned $0.87 EPS. eBay’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that eBay Inc. will post 3.64 earnings per share for the current fiscal year.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.27 per share. This is an increase from eBay’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 2.05%. eBay’s dividend payout ratio is currently 20.69%.

eBay declared that its board has initiated a stock repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

A number of large investors have recently made changes to their positions in the company. CVA Family Office LLC acquired a new position in eBay in the 4th quarter worth $25,000. SkyView Investment Advisors LLC acquired a new position in eBay in the 1st quarter worth $27,000. Union Savings Bank acquired a new position in eBay in the 2nd quarter worth $28,000. Almanack Investment Partners LLC. acquired a new position in shares of eBay during the 3rd quarter worth about $28,000. Finally, Stonebridge Capital Advisors LLC acquired a new position in shares of eBay during the 4th quarter worth about $29,000. Institutional investors 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.