TD Cowen Boosts eBay (NASDAQ:EBAY) Price Target to $45.00

eBay (NASDAQ:EBAY) had its price objective boosted by TD Cowen from $42.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. TD Cowen currently has a hold rating on the e-commerce company’s stock.

A number of other equities analysts have also issued reports on the stock. StockNews.com upgraded shares of eBay from a hold rating to a buy rating in a research report on Thursday, April 25th. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Mizuho boosted their price objective on eBay from $44.00 to $49.00 and gave the stock a neutral rating in a report on Thursday. Morgan Stanley raised shares of eBay from an underweight rating to an overweight rating in a research note on Thursday, April 18th. Finally, Truist Financial boosted their price target on shares of eBay from $47.00 to $48.00 and gave the stock a hold rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of Hold and a consensus price target of $51.35.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $0.26 on Thursday, hitting $49.65. The stock had a trading volume of 6,896,723 shares, compared to its average volume of 5,298,042. The firm’s 50 day moving average price is $50.81 and its 200-day moving average price is $44.82. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99. eBay has a twelve month low of $37.17 and a twelve month high of $52.93. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. On average, equities research analysts predict that eBay will post 3.75 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

eBay announced that its board has initiated a share repurchase program on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase 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.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 1,165 shares of the company’s 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 completion of the transaction, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently modified their holdings of EBAY. CVA Family Office LLC bought a new position in shares of eBay during the fourth quarter worth about $25,000. American National Bank lifted its stake in eBay by 200.0% in 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. Jones Financial Companies Lllp boosted its position in eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares during the last quarter. Riverview Trust Co bought a new position in shares of eBay during the 1st quarter worth approximately $48,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of eBay in the third quarter valued at approximately $46,000. Institutional investors and hedge funds 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.