eBay (NASDAQ:EBAY) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of eBay (NASDAQ:EBAY) from a buy rating to a hold rating in a report published on Friday.

Other research analysts have also issued reports about the stock. Robert W. Baird raised their price objective on shares of eBay from $50.00 to $57.00 and gave the stock an outperform rating in a report on Thursday. Piper Sandler lifted their price target on shares of eBay from $50.00 to $52.00 and gave the company an overweight rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $55.00 to $58.00 and gave the company a buy rating in a report on Wednesday, April 10th. TD Cowen lifted their price target on shares of eBay from $42.00 to $45.00 and gave the company a hold rating in a report on Thursday. Finally, 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 report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $51.35.

eBay Stock Up 0.5 %

eBay stock traded up $0.26 during midday trading on Friday, hitting $49.65. 6,896,723 shares of the stock were exchanged, compared to its average volume of 5,298,042. The firm has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.96 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 2.44. eBay has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a 50 day moving average price of $50.70 and a two-hundred day moving average price of $44.77.

eBay (NASDAQ:EBAY) last announced 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 company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. On average, sell-side analysts predict that eBay will post 3.75 earnings per share for the current fiscal year.

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

eBay Announces Dividend

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

Insiders Place Their Bets

In other eBay 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 transaction 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 Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently made changes to their positions in EBAY. Ameriprise Financial Inc. raised its holdings in shares of 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. Pacer Advisors Inc. lifted its position in shares of eBay by 34.3% in the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after acquiring an additional 1,491,485 shares in the last quarter. Norges Bank purchased a new stake in shares of eBay in the 4th quarter valued at approximately $53,019,000. Dimensional Fund Advisors LP lifted its position in shares of eBay by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after acquiring an additional 1,141,288 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of eBay by 16.0% in the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after acquiring an additional 1,130,089 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

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.