StockNews.com Lowers eBay (NASDAQ:EBAY) to Hold

StockNews.com downgraded shares of eBay (NASDAQ:EBAY) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of eBay from $50.00 to $52.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Wells Fargo & Company lowered their price target on shares of eBay from $46.00 to $45.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. BMO Capital Markets lifted their price target on shares of eBay from $49.00 to $53.00 and gave the company a market perform rating in a research report on Wednesday, February 28th. Barclays lifted their target price on shares of eBay from $55.00 to $61.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, Susquehanna lifted their price target on shares of eBay from $43.00 to $52.00 and gave the stock a neutral rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $48.84.

eBay Stock Up 1.7 %

eBay stock opened at $52.78 on Wednesday. eBay has a twelve month low of $37.17 and a twelve month high of $52.93. The firm has a 50 day moving average price of $46.18 and a 200-day moving average price of $43.39. The company has a market capitalization of $27.34 billion, a P/E ratio of 10.11, a P/E/G ratio of 2.12 and a beta of 1.31. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. eBay’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. As a group, equities analysts predict that eBay will post 3.64 EPS for the current year.

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

eBay Increases Dividend

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

Insider Transactions at eBay

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

Institutional Trading of eBay

Institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in eBay in the fourth quarter worth $25,000. SkyView Investment Advisors LLC bought a new position in eBay in the first quarter worth approximately $27,000. Union Savings Bank purchased a new position in eBay during the 2nd quarter worth $28,000. Almanack Investment Partners LLC. bought a new stake in eBay during the 3rd quarter valued at $28,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in shares of eBay in the 4th quarter worth $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.