Credit Suisse Group set a $49.00 price target on eBay (NASDAQ:EBAY) in a report issued on Thursday morning, TipRanks reports. The brokerage currently has a buy rating on the e-commerce company’s stock.
A number of other equities analysts have also issued reports on EBAY. Aegis reaffirmed a buy rating and set a $45.00 target price (up previously from $43.00) on shares of eBay in a research report on Thursday, July 18th. Morgan Stanley boosted their target price on shares of eBay from $34.50 to $36.00 and gave the stock an equal weight rating in a research report on Monday, July 15th. Stifel Nicolaus reaffirmed a hold rating and set a $41.00 target price on shares of eBay in a research report on Monday, July 15th. BidaskClub lowered shares of eBay from a buy rating to a hold rating in a research report on Friday, September 6th. Finally, ValuEngine lowered shares of eBay from a hold rating to a sell rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $42.22.
Shares of NASDAQ:EBAY traded up $0.61 during trading on Thursday, reaching $38.98. The stock had a trading volume of 4,745,014 shares, compared to its average volume of 9,865,338. eBay has a 52 week low of $26.01 and a 52 week high of $42.00. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.86 and a beta of 1.38. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $39.92 and a two-hundred day simple moving average of $38.63.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.19. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that eBay will post 2.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.14 per share. The ex-dividend date was Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.44%. eBay’s dividend payout ratio is currently 24.14%.
In other eBay news, Director Matthew J. Murphy purchased 6,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $38.79 per share, for a total transaction of $232,740.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kristin A. Yetto sold 6,254 shares of eBay stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.85, for a total transaction of $255,475.90. Following the sale, the senior vice president now owns 73,700 shares in the company, valued at approximately $3,010,645. The disclosure for this sale can be found here. Insiders have sold 232,942 shares of company stock worth $9,663,057 in the last quarter. Corporate insiders own 5.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Virtus ETF Advisers LLC acquired a new stake in eBay during the second quarter worth $25,000. Redhawk Wealth Advisors Inc. acquired a new stake in eBay during the second quarter worth $30,000. Icon Wealth Partners LLC acquired a new stake in eBay during the first quarter worth $32,000. Wealthcare Advisory Partners LLC boosted its stake in eBay by 71.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 961 shares of the e-commerce company’s stock worth $36,000 after buying an additional 401 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in eBay by 121.1% during the second quarter. Carroll Financial Associates Inc. now owns 975 shares of the e-commerce company’s stock worth $38,000 after buying an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.
eBay Company Profile
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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