Brokerages Set eBay Inc. (NASDAQ:EBAY) PT at $49.21

eBay Inc. (NASDAQ:EBAY) has received an average recommendation of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $49.21.

EBAY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Truist Financial lifted their target price on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. UBS Group lifted their target price on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their target price on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a research note on Thursday.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several hedge funds have recently bought and sold shares of EBAY. Ameriprise Financial Inc. boosted its position in eBay by 39.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. BlackRock Inc. boosted its position in eBay by 5.4% in the 1st quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock worth $2,131,487,000 after purchasing an additional 2,464,766 shares in the last quarter. Pacer Advisors Inc. boosted its position in eBay by 34.3% in the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in eBay by 82.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,118,490 shares of the e-commerce company’s stock worth $138,367,000 after purchasing an additional 1,410,871 shares in the last quarter. Finally, Norges Bank purchased a new stake in eBay in the 4th quarter worth approximately $53,019,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $49.95 on Friday. 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 business has a 50-day moving average price of $49.07 and a 200 day moving average price of $44.20. The company has a market capitalization of $25.87 billion, a P/E ratio of 9.57, a PEG ratio of 2.03 and a beta of 1.33. eBay has a 1-year low of $37.17 and a 1-year high of $52.93.

eBay (NASDAQ:EBAY) last released its quarterly earnings data 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. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. As a group, equities research analysts forecast that eBay will post 3.69 EPS for the current fiscal year.

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

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio is 20.69%.

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.