eBay (NASDAQ:EBAY) had its target price boosted by Deutsche Bank from $42.00 to $46.00 in a research report sent to investors on Thursday, The Fly reports. The brokerage currently has a buy rating on the e-commerce company’s stock.
Several other equities analysts also recently issued reports on EBAY. Aegis reissued a buy rating and issued a $45.00 target price (up from $43.00) on shares of eBay in a research report on Thursday. Robert W. Baird cut their price target on Waters from $211.00 to $209.00 and set a neutral rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets increased their price target on Inflarx to $64.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Citigroup cut their price target on Cimarex Energy from $98.00 to $90.00 and set a buy rating on the stock in a research report on Thursday. Finally, BidaskClub downgraded Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. eBay presently has an average rating of Hold and an average target price of $41.37.
NASDAQ EBAY opened at $40.21 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a fifty day moving average price of $38.96. eBay has a 1 year low of $26.01 and a 1 year high of $42.00. The firm has a market cap of $33.73 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.35.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.19. eBay had a return on equity of 36.67% and a net margin of 22.12%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm earned $0.53 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that eBay will post 2.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. eBay’s dividend payout ratio is currently 24.14%.
In related news, VP Brian J. Doerger sold 14,237 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total value of $541,860.22. Following the completion of the sale, the vice president now owns 37,340 shares in the company, valued at approximately $1,421,160.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 20,587 shares of eBay stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $38.23, for a total transaction of $787,041.01. Following the completion of the sale, the senior vice president now owns 81,305 shares of the company’s stock, valued at approximately $3,108,290.15. The disclosure for this sale can be found here. Insiders have sold a total of 187,199 shares of company stock valued at $7,176,017 in the last 90 days. Insiders own 5.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Davy Asset Management Ltd acquired a new stake in eBay in the 2nd quarter valued at approximately $641,000. Robeco Institutional Asset Management B.V. grew its stake in shares of eBay by 38.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 491,017 shares of the e-commerce company’s stock worth $19,394,000 after acquiring an additional 136,271 shares in the last quarter. Focused Wealth Management Inc acquired a new position in shares of eBay in the second quarter worth $79,000. Bessemer Group Inc. grew its stake in shares of eBay by 67.1% in the second quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock worth $399,000 after acquiring an additional 4,056 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of eBay in the second quarter worth $333,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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