eBay (NASDAQ:EBAY) Stock Rating Upgraded by StockNews.com

eBay (NASDAQ:EBAY) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other equities analysts also recently commented on the stock. Piper Sandler upped their price objective on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. BMO Capital Markets upped their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Barclays increased 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, UBS Group increased their target price on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.21.

eBay Price Performance

Shares of EBAY opened at $50.89 on Friday. The stock has a market capitalization of $26.36 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.07 and a beta of 1.33. eBay has a twelve month low of $37.17 and a twelve month high of $52.93. The company has a 50 day moving average of $48.62 and a 200-day moving average of $44.08. 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 released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that eBay will post 3.69 EPS for the current fiscal year.

eBay announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes 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 leadership believes its stock is undervalued.

Insider Transactions at eBay

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

Hedge Funds Weigh In On eBay

Large investors have recently modified their holdings of the company. CVA Family Office LLC bought a new position in shares of eBay in the 4th quarter worth $25,000. American National Bank lifted its stake in eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in eBay during the 1st quarter valued at $27,000. Stonebridge Capital Advisors LLC bought a new position in eBay during the 4th quarter valued at $29,000. Finally, Jones Financial Companies Lllp lifted its stake in eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 310 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

About eBay

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.